[SWFloridaGuru] The CBI announced today that Iraq is moving ahead with phase 2. They are receiving support and approval from the IMF on the deletion of the zeros. The CBI signed signed a bilateral agreement with the IMF that will strengthen their banking sector and the development of cash transactions.
This agreement outlines the benefits and conditions in the areas of financial reform. The IMF appears to be carrying out a number of measures with the CBI including the raising of the zeros which will kick off phase 2.
The agreed upon, adjusted rate (RI/RV) will be sent from the CBI to to the BIS and then released back to all central banks. We will then have our first public glimpse of the new rate and given the option to either cash out or trade in for lower denoms which we can hold indefinitely.
The new bills (LD's) are being printed and the coins are being minted as we speak. Never have I seen such a massive campaign, regarding this project, launched to educate the public. It is a tough balancing act because
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[SWFloridaGuru] it is essential to the process they maintain secrecy but they also need to educate their citizens, give them confidence in the dinar and inform them of the upcoming changes to prevent further dollarization.
We see the CBI referencing the term delete the zeros which is a safe way to state they are working towards having a tradeable currency, without addressing the new rate specifically.
As Shabibi told us they will never reveal that part of the plan to us but they can't hide the steps they are taking in preparation either. We're truly at the end of this.