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Mnt Goat

Mnt Goat

Last updated: November 18, 2023 4:57 pm
Mnt Goat
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Wednesday intel call to my contact at the CBI:  I was told there was a TV media output broadcast that told the citizens the official rate of the dinar would be over $1 in the coming days.  They used the PM Al-Sudani in a speech like format to explain most of it…This is part of the education process. So, it did begin…I was told that the process of the revaluation is now in motion and they expect to begin issuing the newer lower denominations to the banks in exchange for the larger 3 zero notes…when they do distribute the lower denominations to the public for circulation, they will start at the airports first…they are only going to use dinars exclusively as of January 1st, 2024 in Iraq. This is also why they needed and allowed to let the banks now hold other foreign currencies besides dollars.   [Post 1 of 2….stay tuned]

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