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DINAR IRAQ AND DONG VIETNAM UPDATE, 23 OCT

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Post by Ponee Fri Oct 23, 2020 9:08 pm

 JUST AN OPINION OF A SO-CALLED ECONOMIC EXPERT
Sumaisem for the obelisk: 


THE ZEROS HAVE NOTHING TO DO WITH THE VALUE OF THE CURRENCY and one of the solutions to overcome the financial crisis is to reduce the price of the dinar against the dollar to obtain a larger amount of cash.


( quote- “THE ZEROS HAVE NOTHING TO DO WITH THE VALUE OF THE CURRENCY”.
A 25,000 dinar note is worth about $25 USD as is the newer lower denomination 25 dinar note will be worth about $25 USD when it is launched.
You just drop the zeros. 


So, from this point Sumaisem is correct. But for the rest in pursuing lowering the value of the currency to get a larger amount of cash is also saying to launch yet more of the 3 zero notes in circulation.

We all should know by now this is the path to hyper inflation and not what we, as investors, want to be hearing. 


But remember this is just his opinion and not a very good one.)
The economic expert, Salam Sumaisem, predicted, on Tuesday, October 20, 2020 the rise in the exchange rate of the US dollar against the Iraqi dinar due to the increase in demand for it, while she saw that the important aspect is that people think that the zeros have a .relationship with the currency, and the answer on this in the negative.

(But what Sumaisem does not know is the overall plan to also reinstate the dinar and re-peg it to a basket of 5 currencies thus the rate of the exchange will change outside of Iraq thus giving Iraq more purchasing power thus more ability to buy more goods and services. 


The dinar will be worth more outside of Iraq. 


It is the globalization of the dinar that is important and deleting the zeros is just step to help get there. 


Sumaisem just does not understand or comprehend this plan.)

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