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ALL GOOD NEWS:Condensed Update on Iraq Monetary Reform by Exogen

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ymoilman2




Condensed Update on Iraq Monetary Reform by Exogen at Stage3Alpha

02/25/2014

UPDATE ON IRAQ MONETARY POLICY & CURRENCY REFORM IN CONDENSED VERSION

Posted by EXOGEN on February 25, 2014 at 9:19am

1. THE CBI HAS TAKEN IN TRILLIONS IN DINARS FROM ALL OF THE BANKS

2. THE 2 LARGEST BANKS REFUSED TO TURN THEIR DINARS IN

3. THIS IS ALL TIED TO IMF ARTICLE 8 COMPLIANCE

4. UNDERSTAND DE-DOLLARIZATION AND RE-DENOMINATION IN MONETARY POLICY

5. THE EXCHANGE RATE HAS TO ADJUST NOW

6. THIS IS TIED DIRECTLY TO IN COUNTRY MONEY SUPPLY & FIGURES

7. THE LOWER DENOMS MUST BE RELEASED SOON

8. THE CBI IS OPERATING LIKE THE FEDERAL RESERVE BANK

9. THIS IS TIED DIRECTLY TO THE NEW OPEN MARKET POLICY TO BE IMPLEMENTED

10. FOREIGN OBLIGATIONS CAN NO LONGER BE PAID IN USD AS OF YESTERDAY IN IRAQ

11. THERE WILL BE A 1:1 RATIO REQUIRED AT A MINIMUM

12. BANKS IN IRAQ HAVE NO LIQUIDITY

13. IRAQ IS UP FOR ARTICLE IV REVIEW WITH THE IMF IN DAYS

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