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Delta says this news is UNBELIEVABLE !

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 Delta says this news is UNBELIEVABLE !  Empty Delta says this news is UNBELIEVABLE !

Post by Ponee Tue May 26, 2020 9:41 pm

 Delta 


  ...great information from the Financial Minister.  In his tweet he's talking about they're tying to get Iraq back to the financial status internationally.  Guess what happened?  


He just have [gave] an executive order and he ordered the Central Bank of Iraq with other financial entities in Iraq to implement and launch that ASAP so Iraq can regain their financial status internationally...the glory days...they have to activate whatever they needed to implement from the Prime Minister and the Office of Financial Ministry...this is just amazing.  This is just unbelievable...


05.26.2020
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Post by Ethel Biscuit Wed May 27, 2020 12:24 pm

I agree completely - unbelievable!

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Post by Sam I Am Thu May 28, 2020 12:41 am

That "glory days" reference was from 2011 when they first started talking about removing the zeros, so if they return to the glory days with their currency the IQD that speculators hold will be worthless.  I doubt that they will carry through with this but if they do, it's bad news for dinarians.
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Post by Jayzze Thu May 28, 2020 9:54 am

so sam right now the dinar is worthless so there will be no difference since .they are talking about decreasing the value anyway. but lets say iraq found some brains and did raise the value it would become an international rate which means everyone would see it. by the way sam you stated several times you got rid of your dinar so either way it means nothing to you what is your point?
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Post by Sam I Am Thu May 28, 2020 12:22 pm

1. The dinar isn't worthless if you define worthless as "no value".  If you have 1 billion dinar it's worth nearly $1 million.  But in a redenomination the old currency has no value at all when the exchange window ends.  
2. Raising the value wouldn't be an indication that Iraq has brains because it would make it harder for them to build their non-petroleum exports which is what they're after.  Stability is what they want and it's what the've been doing for over ten years.  
3. Currencies don't become "international" by raising the value and saying "we're international now!"  That's guru nonsense.  Currencies become internationally traded because there is international demand for them due to the demand for the country's products.  The reason the yen has international demand is that the world wants to buy Japanese cars, motorcycles, electronics ... etc.  It will be many years if not decades before that's the case with Iraq.
4. My point in educating people about the dinar is simple.  I don't like scammers.  I got burned on this thing so I want to help keep others from getting burned like I did.  It's just normal human nature to want to make something positive out of a negative.  That's why a woman who lost a kid to a drunk driver founded MADD.  That's why John Walsh, who lost his kid to a sick creep became the face of America's Most Wanted.  I lost over a thousand dollars on the dinar so I started a blog to educate people on it and over the years I can't tell you how many people have contacted me thanking me for helping them to get out of this scam.
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