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Walkingstick: "You're witnessing it. That's what's so exciting about this" (Dinarland Drama...Dont You Just Love it? LOL) 8/13/21
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Walkingstick: "You're witnessing it. That's what's so exciting about this" (Dinarland Drama...Dont You Just Love it? LOL) 8/13/21
by RamblerNash Fri Aug 13, 2021 10:52 pm
Walkingstick
[via Gruu Frank26] When the dinar de-pegs and leaves its border and goes outside they raise the value of their currency at 1 to 1 with the American dollar...domestically or internationally it's the same value. There's not two exchange rates...if the Iraqi dinar leaves its country, un-pegs and starts to free float... you've got a lot of articles telling you that's what they're going to do. Let's say all of a sudden it climbs to a value of 2 to 1...What is the value of the dinar inside of Iraq? 2 to 1...there aren't two exchange rates for the Iraqi dinar...when it increases it increases across the board. A dinar is a dinar...it gives Iraqi citizens more purchasing power...this is one of the main priorities of the monetary reform. You're witnessing it. That's what's so exciting about this.
[via Gruu Frank26] When the dinar de-pegs and leaves its border and goes outside they raise the value of their currency at 1 to 1 with the American dollar...domestically or internationally it's the same value. There's not two exchange rates...if the Iraqi dinar leaves its country, un-pegs and starts to free float... you've got a lot of articles telling you that's what they're going to do. Let's say all of a sudden it climbs to a value of 2 to 1...What is the value of the dinar inside of Iraq? 2 to 1...there aren't two exchange rates for the Iraqi dinar...when it increases it increases across the board. A dinar is a dinar...it gives Iraqi citizens more purchasing power...this is one of the main priorities of the monetary reform. You're witnessing it. That's what's so exciting about this.
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