2023-04-19

MntGoat has been remarkably optimistic in her last 3 or 4 newsletters. https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

A point of confusion is her repeated assertion that the dinar-dollar rate is 1000:1 when the CBI’s site still says 1310:1. I firmly believe that the plan is to soon go to 1000:1 then revalue and forex shortly after; at 1000:1 revaluing to 1:1 is an arithmetic no-brainer.

MnGoat’s newsletter includes reports that the in-country street-rate is coming down, closer and closer to the official rate. New government rules requiring in-country use of dinar surely support a stronger dinar (aka weaker dollar) on the street. Iraq has also restored some of citizen’s ability to acquire dollars so the acute pressure driving the dollar’s surge is relieved.

There’s still the substantial disconnect between the dollars needed for imports vs the dollars actually exchanged, and the elephant in the room continues to be that the extra dollars apparently flow to Iran. If the PTB know about it (how could they not?) but allow it to continue, then it must be OK with them, right?