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Bloodloch - No Sudden Increase in the IQD! 10/20/18

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Bloodloch - No Sudden Increase in the IQD! 10/20/18

Post by Ssmith on Sun Oct 21, 2018 9:12 am

There are reports of recent IQD talk from an Iraqi economist along the lines of “We should equal the US dollar.” If true, this is precisely what I’ve been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they?



No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that’s true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency?  Within that answer may lie both the trick and the happy treat.
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