Dinarland Highlights for December 20, 2024

Dinarland Highlights – 12.20.24 Mountain GoatArticle:“CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET”Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market. We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur.   They said that the new correspondent bank procedure should eliminate…