FRANK26 AND FOOTFORWARD UPDATE, 4 OCT
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FRANK26 AND FOOTFORWARD UPDATE, 4 OCT
by Ponee on Sun Oct 04, 2020 9:02 pm
Frank26 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.
Footforward [I just heard from a friend of mine who is friends with an international CPA here in Scottddale (originally from Iraq) state that we will have 30 days to exchange...His brother is in Parliament, so I think he gets a lot of his information from him ...What are your thoughts?] I'd love to know what they base that off of. I do think there is a window. 30 days seems rather tight to me. ...If covid restrictions are in place and people have to make appointments to go to the bank to exchange, 30 days seems tight to me. I don't doubt that is what they want. But Trump will make a deal that works for everybody. Iraq doesn't really have alot of say here. But if that is the case we will make it work. I wasn't planning to wait super long anyways. My sources have said because they felt that would be decided once an RV has happened...And that so much is so fluid right now...
Footforward [I just heard from a friend of mine who is friends with an international CPA here in Scottddale (originally from Iraq) state that we will have 30 days to exchange...His brother is in Parliament, so I think he gets a lot of his information from him ...What are your thoughts?] I'd love to know what they base that off of. I do think there is a window. 30 days seems rather tight to me. ...If covid restrictions are in place and people have to make appointments to go to the bank to exchange, 30 days seems tight to me. I don't doubt that is what they want. But Trump will make a deal that works for everybody. Iraq doesn't really have alot of say here. But if that is the case we will make it work. I wasn't planning to wait super long anyways. My sources have said because they felt that would be decided once an RV has happened...And that so much is so fluid right now...
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