Frank26 says -- Iraq is in the process of raising the value of their currency..
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Frank26 says -- Iraq is in the process of raising the value of their currency..
by Ponee Thu Feb 11, 2021 8:43 pm
Frank26
In case you missed it the CBI stopped the auctions...[Monday]. They can't use the American dollar anymore...So what's left to use? What's left is the Iraqi dinar. But the Iraqi dinar has no value - not only for the citizens but also for the government to run its country especially with the budget at those astronomical numbers. The IMF knows this too. And the World Bank knows this too. Both of them have said very clearly Iraq is in the process of raising the value of their currency...the stoppage of the auctions is a step of the monetary reform of the Iraqi dinar...it is a crucial step in adding value, lifting the 3 zeros from their exchange rate and it's being done.
If they [Iraq] can't use the American dollar, they can't use foreign currency, they can't use any other type of borrowing system, they can only use their currency but it has no value and they are about to explode economically and the whole international world is inviting them to be a part of it with their currency. Which currency? Not the American dollar. Not any foreign currency. Their currency of international status. That part is coming.
In case you missed it the CBI stopped the auctions...[Monday]. They can't use the American dollar anymore...So what's left to use? What's left is the Iraqi dinar. But the Iraqi dinar has no value - not only for the citizens but also for the government to run its country especially with the budget at those astronomical numbers. The IMF knows this too. And the World Bank knows this too. Both of them have said very clearly Iraq is in the process of raising the value of their currency...the stoppage of the auctions is a step of the monetary reform of the Iraqi dinar...it is a crucial step in adding value, lifting the 3 zeros from their exchange rate and it's being done.
If they [Iraq] can't use the American dollar, they can't use foreign currency, they can't use any other type of borrowing system, they can only use their currency but it has no value and they are about to explode economically and the whole international world is inviting them to be a part of it with their currency. Which currency? Not the American dollar. Not any foreign currency. Their currency of international status. That part is coming.
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» Frank26 says - They're talking on news Channel 1 saying it is time to open and adjust our exchange rate
» Kaperoni says - They want to bring it back to what it was just a year ago around 1170
» MarkZ says - Dr. Shabibi did say at one time Iraq could support a rate of 14.00 to $20.00 in 2012
» Walkingstick says - It's in print now
» Guru Vital Brad says - When it comes to rate I've heard numbers as high as $30
» Frank26 says - Article: "Economist: The Government has no justification to continue to raising the dollar exchange rate" Bada-bing-bada-boom
» MilitiaMan says - To open a bank branch in the UAE and or even in Saudi Arabia is to be international
» Frank26 says - meanwhile citizens are demanding more that the exchange be set back to previous rate
» Guru Vital Brad says - when Iraq fully seats their government and the Iraqi dinar is reinstated as a recognized currency on the International market/on the Forex market...it's going to be at a new rate. Similar to the Kuwaiti dinar
» MarkZ says - It is their understanding that this is the governments way of saying “thank you” by paying them in dinar right before they revalue the currency
» Frank26 says - Everybody wants a piece of Iraq now. That is the biggest telltale sign
» Frank26 says - The writing is on the wall...it is in print. It's not my opinion
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