Pimpy says if ever a time before where Iraq needed a rate change to happen it's definitely now...

by **Ponee** Mon Mar 09, 2020 8:42 pm

Guru Pimpy

Article Salih: The UN Security Council Sanctions Still Apply To Iraq.   ...what that means is they're preventing their currencies from being recognized internationally. This means that Iraq can't really step out on the International market and do business like they need to do.  If the rate change happened today...we would have a hard time trying to exchange our money with some of our banks because the currency is not bing recognized internationally.

  I know Chase Bank is accepting the dinar now at its current rate and my assumption would be that if a rate change happens they would honor the new rate. But there's a lot of banks and a lot of financial institutions that are not recognizing Iraq internationally...

...because of the coronavirus crude oil is tanking, just like cryptocurrencies. Just like the Dow.   These things are getting killed. Just getting annihilated...it dropped to $45 I think right now. It might have dropped a little bit more...

between the protestors and their government and the PM I don't know how much worse it can get for Iraq. It's just at its worse...this actually might be good for us in the Iraqi dinar community...let's just hope that oil prices keep going down and maybe that might trigger something that we've been waiting for...

if ever a time before where Iraq needed a rate change to happen it's definitely now...

03.09.2020