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Out of Country of Iraq FOREX:

For example only, today is July 3, 2023 and the CBI rate was 1000 IQD per 1 USD (which is 1:1 after they delete the zeros)
Now they delete the zeros, issue the lower notes and reinstate the dinar to FOREX.
The FOREX rate is 1 IQD per $3.86 USD.

Now we care. Get it?
My calculations now looks like this: 1.00 IQD = $3.86 USD per dinar.
Then multiply $3.86 x 25,000 = $96,500,00 USD.

Oh!!! surprise!, surprise,!
We do not drop our zeros.

We are out of country.
If you had a million dinar that comes to a gain of $3,860,000.00 minus what you initially paid for the currency.
That’s a hell of a lot better than $757.50.

I know you are asking yourself what is the value of a single dinar once they delete the zeros?
My point to giving these examples is to illustrate to you that the CBI may increase the current program rate of the dinar first away from the 1450 to 1320 then to ??? to get the final rate closer to a dollar, if this was the plan to have the final rate closer to $1.00 or over $1.00+.
The CBI will absolutely not have a rate of 1450, 1320 or ??? one day and then after completing the project to delete the zeros have the rate jump to $3.00 or more in country within Iraq.

It will not and can not happen this way due to the process of how the project to delete the zeros works.
So, to make such a high jump would cause massive inflation or deflation and would destroy the economy.

So if they just keep the rate exactly the same as it is today the economy can absorb the changeover much better.
As time goes on within Iraq they slowly raise their in country rate.
Meanwhile the CBI keeps monitoring for inflation and fighting the parallel market with measures to keep the dinar stable.
This is the most likely situation and the situation I am told will probably happen.
SUDANESE ADVISOR: WAIT FOR MORE REFORM PACKAGES
Advisor to the Prime Minister Hisham Al-Rikabi affirmed today, Wednesday, the government’s insistence on carrying out more reforms .

Al-Rikabi stated in his tweet, “The prime minister’s conversation yesterday with his ministerial team about continuing work to serve the citizen and stressing the fight against corruption, and the security changes that took place today show the government’s insistence on conducting comprehensive administrative reforms and purification of state institutions, and the basic criterion is citizen service. “

“Wait for more reform packages, ” he added.
Forwarded from Southern Boy ♥️
Forwarded from Southern Boy ♥️
“One one hand, the (Indonesian) financial condition now is stable, but there are still global uncertainties” “Therefore the implementation of redenomination is still waiting for the right momentum” said Perry Warjiyo

"Di satu sisi, stabilitas sistem keuangan saat ini juga stabil, tetapi masih ada ketidakpastian global. Sehingga implementasi redenominasi masih akan melihat momentum yang tepat," ujar Perry Warjiyo.
Forwarded from GCR Real-Time News © (Ai3D Post)
GRADUALLY THEN SUDDENLY: The Death of the Fiat Currency System and Birth of Our GCR

The Fiat Currency Debt System is hurtling headlong into total collapse. It may start slowly at first, but as a series of financial stress points develop, a chain of events will accelerate into a sudden systemic crash. The recent…
Forwarded from 𝕮𝕯𝖊𝖊𝕬ՑՑ$ՑՑ 🎸
WOW ❤️❤️

MANILA: Philippine President Ferdinand Marcos Jr. on Friday wrote off $1.04 billion in land-related debt owed by more than half a million farmers, a move aimed at boosting food production.
The “New Agrarian Emancipation Act” he signed into law waived all property-related debt owed by farmers who had been given land on 30-year payment terms under a 1988 land reform program, but had been unable to pay.
“We know these farmers do not have the means to pay this huge debt. So putting it under the government’s tab is the right thing to do,” Marcos said at a signing ceremony at the presidential palace.
The writing off of the loans, which were issued by government banks, meant “we are doing everything in order to feed our people,” he added.
https://www.arabnews.com/node/2333816/world
Forwarded from Wolverine 🇦🇺 🇦🇺
🚨China defaults on a trillion dollars in debt to US bondholders.

Movement at last

🕺🕺🍾🍾🎶🎉🎉🚀🚀🍺🍺🎉🎉
Forwarded from Southern Boy ♥️