Pimpy - says this actually might be good for us in the Iraqi dinar community...

[Ponee]

Pimpy




  Vietnam has their ducks in a row way more than Iraq does.  They don't have a problem with their government.  It's not unstable.  Their economy is pretty healthy and things seem to be going pretty good there...Vietnam is ready to really take a more active role on the international scene.  They want to start doing business with other businesses in the United States...the banks want to get involved...this is great news if you hold Vietnam dong because the stronger they get the stronger the Vietnam dong becomes...April 6 is [when] the new Trump policies are being implemented that if any country is found manipulating their currency there's additional tariffs, penalties and sanctions put on them.  


Vietnam was red hot on their list...this is good.  This is what we want...



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...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...

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...
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03.10.2020