[via PDK] Article: “Priorities of the new Central Bank Governor: Implementing Oliver Wyman’s criteria is of utmost importance” An integrated banking system with no dollar restrictions is a priority. They also want to inform us that they will be overseeing the “Exchange Rate.” There is considerable debate surrounding this issue, reminiscent of the situations in Kuwait and China just before their last revaluations. Article: “Al-Aboudi: the government and the Central Bank adopt a flexible approach to the exchange rate” indicates that they are prepared to adjust it according to requirements. Subsequently, the Iraqi government stated, “There are no plans to change the national currency or remove three zeros from the Iraqi dinar at this time.” This statement echoes what we heard on the morning of Kuwait’s revaluation. We find ourselves in a situation where the Iraqi government is conveying one message while the Central Bank is delivering another. We have been informed that the RV is now under the control of the Central Bank of Iraq, which does not require the government’s involvement at all.
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