Mountain Goat

Mountain Goat – Dinar Guru   Article:  “FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!”  In this news we learn that The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars….When I learned of this news I said WOW! WOW! and WOW!. The CBI finally did it! …The CBI is essentially creating the change over from the dollar to the dinar in payments now even to outside companies. Remember the national currency of Iraq is the dinar not dollars and the dollars have been the problem all along as these dollars get into the parallel market and shift the market to influence the price of the dinarHow can the CBI ever get control of the official rate of the dinar unless they end these holes to which the dollar was passing through to the black market. So, along with the full implementation of the ASYCUDA system we see two major moves to sew up the parallel market.  [Post 1 of 2….stay tuned]

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