Tuesday, Governor al-Alaq made a clear public denial on television. The exchange rate remained unchanged. robust foreign reserves. The CBI is not, in his words, studying the question. He has stated this five times in the past six months: November, February 12, February 25, April 16, and May 19.Al-Alaq stated that the US Federal Reserve, US Treasury, Oliver Wyman, and the CBI will meet “in the coming days” to discuss the “transition to dealing in other foreign currencies for banks that have completed all the required requirements.” The repetition is the signal.” Consider it a ready for multi-currency settlement.Until Treasury gives the all-clear, Al-Alaq’s fifth public rejection of a dinar revaluation in six months will continue to cause interference.
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