Updates concerning the RV/GCR
12/09/2021 Iraq Has An Agenda
IRAQ HAS AN AGENDA
The latest word from Iraq is that their in-country rate for the Iraq Dinar will be RV’d this coming Sunday Night, December 12, 2021. The new IQD value, in-country, is going to be 4.81
The international FOREX Rate will start at $11.90 and float from there.
We were under the assumption that this would be handled by today, and this is now explained. The IMF has been the problem with the delay of the IQD RV. Iraq has their agenda though and the IMF have agreed to the new plan.
Managing the BIG NOTES (10,000 – 25,000 IQD and up), has been the problem. Once we start exchange, we’ll only have a few weeks to get these notes in and out. CBI is getting rid of the big notes now and they want everyone to know that they don’t want people to sit and wait before bringing in these soon-to-be-obsolete bills. After a very short period these bills won’t be any good. To exchange will require a visit to the Consulate in Iraq, after this big swap is done.
12/09/2021 Podcast Iraq Has An Agenda
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