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Post by Ssmith Tue Mar 14, 2023 2:30 pm

MilitiaMan: …There is always some good news out there. One of the things that caught my eyes is a recent visit from the Ayatollah Al Sistani. He had a few words to say about the Iraqi currency. He was basically reassuring the citizens that they can now trade it and sell around the world with other currencies…I know there are people with contracts that do business with the country of Iraq and are excited.

MarkZ: I have contractors over there that work building infrastructure and they are excited.

MilitiaMan: They should be…Some of the contracts I know have a 30 day timeline and some have a 7 day timeline.  I know of one with a 30 day timeline that ends about Mar 20th…a week from today.  So we will see how that works.

MarkZ: I have one contractor who got a partial payment on a 7 day contract.

MilitiaMan: The one I know got a partial payout as well. With expectation of the final payment on the 20th of March.

MarkZ: To me this is huge. The partial payment was NOT at the current rate of the dinar. I am confident that the numbers are changing and they know what they are. 

MilitiaMan: I believe that too …and they are de-dollarizing…and will only use the dinar. They have been talking about that for weeks…On Mar 6th they sent out messages to their citizens reminding them that their currency is going to be stronger. What they mean by “stronger” is still to be determined , and they are talking about releasing the lower notes that will mirror the denominations of other countries…and you would need a stronger dinar to warrant that. That’s a big thing.
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