Kaperoni states that - there is no chance of a significant overnight RV/RI it's going to take time meaning months or years for the currency to go up in value.

by **Ponee** Sun Feb 23, 2020 8:32 pm

Kaperoni

...You cannot arbitrarily raise the value of a currency to whatever you think it was before or should be. A currency's value is set by market forces. Even if you were going to raise the value substantially in Iraq they would LOP first deleting the zeros off the currency so it would be a minimal gain of 1X or 2X times your investment. No chance of a significant revaluation with so much currency in circulation... 42+ trillion currency in circulation is more than two and a half times the entire country's net worth. The only way to raise the value is gradually so that the currency in circulation can also be reduced. But it has been well documented that Iraq's intent is to create a market economy private sector and encourage significant investment into the country. Doing so would allow the currency to appreciate (float) as a result of significant inflationary pressure created by investment
And since that appears to be the plan there is no chance of a significant overnight RV/RI it's going to take time meaning months or years for the currency to go up in value.

02.23.2020

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...nothing has happened politically in the last few months as of yet the new prime minister hasn't even been sworn in and his cabinet has not been voted on. In fact it has been scheduled for Monday but there are rumors that they won't even vote Monday, that many are now making a decision to not endorse the new prime minister and his cabinet. New protests are even anticipated.

2-22-2020