Frank26 says -- When they come out with the new exchange rate this is all calculated to be 1 to 1 with the American dollar.

by **Ponee** Sat Oct 03, 2020 9:02 pm

Frank26

The last five days all they talk about is the exchange rate of the Iraqi dinar... "no Frank, they said they are going to decrease the value of the Iraqi dinar?"  The translation isn't proper. The wording is wrong...what they're doing is they're going to decrease the 3 zeros from the exchange rate to add value to the currency of the Iraqi dinar...

..the reason we don't have the new exchange rate...is because of Iran and anything associated with Iran...

when we get down to the very nitty-gritty.  When we're down to you know where they're about to release the new exchange rate you're going to see what we call the 'second article' from the CBI.  Where it has the breakdown complete of all the reasons why they're doing what they're doing...we were looking for one specific article but it turns out that it's coming out in stages...

Article after article after article in the last 5 days, actually even more, telling us that they're going to raise the value of their currency... Article " Iraq: the government is compelled to "delete the zeros" from the dinar currency...more than "3 scenarios" are expected that will affect salaries and living" the translation IMO is trying to tell you that they have 3 zeros that they're going to lift from their exchange rate...they decided on one option... quote "the government is now obliged to reduce the value of the Iraqi dinar against the dollar...without printing more and thus preserving the currency from collapsing."  Without printing more...when you remove the 3 zeros you're left with about a dollar...and you didn't print any new currency because you got the new small category notes already in the banks ready to come out.  When they come out with the new exchange rate this is all calculated to be 1 to 1 with the American dollar.