Jeff says -- I know for a fact Iraq is transitioning.

by **Ponee** Wed Feb 24, 2021 8:37 pm

Jeff

Iraq is walking in Kuwait's footsteps.  Kuwait reinstated their currency on March 21, 1991 on Sunday...Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions. They're going back to their original fiscal period.  I already spoke with the Iraqi government so I have confirmed this.  I know for a fact Iraq is transitioning. That's why they told you they'll be presenting the budget in just a few months...we are in the best position. History is repeating itself between Iraq and Kuwait...we are very very close to this...

They [Iraq] are gonna have two sets of notes in circulation. They're gonna have large notes and small notes...two sets of notes will coexist together utilizing the same exchange rate...this is just an example.  Let's say the rate is $3 - if the rate is three a 25 note is $75 after the rate change...a 25000 dinar note times $3 is worth $75000. Both the 3 zero notes and the smaller notes below 100 will have the same exact rate. They're not going to have different rates...you're in a great spot...