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Frank26: "The CBI has no authority to do anything with the exchange rate - only the U.S. Treasury" 4/13/21 I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Frank26: "The CBI has no authority to do anything with the exchange rate - only the U.S. Treasury" 4/13/21

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Post by RamblerNash Tue Apr 13, 2021 11:04 pm

Frank26   

The goal is to change the rate again.  These articles are coming out and they're saying 'we're changing the rate of the American dollar.  No.  The CBI has no authority to do anything with the exchange rate - only the U.S. Treasury...not understanding the translation properly really applies to these articles.  That's why they get you depressed and confused...they are talking about the exchange rate of the Iraqi dinar AGAINST the American dollar...that's the only way they can talk about it...these articles are not saying they're going to decrease the value [of the dinar]...

Article:  [Adapt to the exchange rate]  Quote: 'to adopt the method of "flotation" Al-Madar - in the next step, in conjunction with the increase in the central reserves...'  You now understand - Phase One: Solid date 1 to 1 fixed rate.  Phase Two:  Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again.  How about $1.19 or $1.46?  Outside of the country the same thing is happening.  Strengths and stability is being added to your currency...because of the investors...they recognize that Iraq now qualifies for the international rate of their currency.  When it enters Phase Three: Maybe 6,7,8 months later as it floats...that's the next step after we do phase 1 and 2...these phases are upon us.
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