one friend of mine has been sending me numerous alerts about currencies from around the world that are adjusting up and down all in reference to Iraq...he is of the opinion that these currencies are being adjusted prior to the CBI announcing its new value.
there will be no GCR...however, prior to the IQD's new value is released...many currencies will need to be adjusted...they may be doing that now...all currencies that are traded have a value in relation to each other...now insert the IQD which we believe will be quite valuable...all other currencies will need to be adjusted.
amazed...how the CBI continues to makes preparation for the IQD. If Iraq was truly coming apart as the media reports...why would the CBI make this statement?
"CBI: our reserves "safe" with banks abroad...CBI Governor Turki has said that the Iraqi reserves are safe and contained in banks abroad...the CBI has the ability to support the exchange rate of the dinar to the fullest extent...and without a roof"...without a roof... a ceiling...no limit to its value.