Frank26 says -- Iraq is in the process of raising the value of their currency..
Page 1 of 1
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.
Ponee- Admin
- Posts : 38256
Join date : 2011-08-09 
Similar topics» Frank26: "All of this is for the raising of the value of their currency" (What Happened To The RI? LOL) 8/3/21
» Poppy3 says the last 3 months is the process of raising the IQD value
» Frank26 TALKS BONDS.... By raising the value of the Iraq dinar the citizens can go and buy these bonds as an investment with the Iraqi dinar...
» BGG- "Deleting of the Zeros"- IS THE PROCESS of raising the value a&removing large notes from the marketplace
» Frank26 discusses the raising of the IQD value
» Poppy3 says the last 3 months is the process of raising the IQD value
» Frank26 TALKS BONDS.... By raising the value of the Iraq dinar the citizens can go and buy these bonds as an investment with the Iraqi dinar...
» BGG- "Deleting of the Zeros"- IS THE PROCESS of raising the value a&removing large notes from the marketplace
» Frank26 discusses the raising of the IQD value
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Guru MountainGoat 2/4/23
» Guru Nader 2/4/23
» Gurus Frank26 & Firefly 2/4/23
» Guru Judy 2/4/23
» Guru Bruce Dingleberry 2/2/23
» Guru Okie 2/4/23
» More On The Rainbow Currency.
» Guru Okie 2/3/23
» Guru MarkZ 2/3/23 am
» Guru Sandy 2/3/23
» Guru MountainGoat 2/3/23
» Guru Judy 2/3/23
» Guru Bruce Dingleberry 2/2/23
» USD/IQD rate closes higher in Baghdad, Erbil
» Dinar Devalues 22%
» The dollar flies over 170,000 Iraqi dinars
» Guru MarkZ 1/31/23 pm
» Gurus Frank26 & Firefly 2/1/23
» Guru MountainGoat 2/1/23
» Guru Judy 1/31/23
» Guru Bruce Dingleberry 1/31/23
» Guru Okie 1/31/23
» Casinos would surely bring hefty revenues. But Vietnam should have, at most, two casinos, say experts. That said, they also agree that the casinos should be open to all, including Vietnamese.
» New member
» Gurus Frank26 & Firefly 1/30/23
» Guru Sandy 1/30/23
» Guru Nader 1/30/23
» Guru Judy 1/30/23
» Guru Okie 1/29/23
» Guru MountainGoat 1/29/23
» Interim governor briefs Iraq's deputy parliament speaker on CBI's plan to control the forex market
» Keeping devaluation might be Iraq's strategy to suppress depreciation: lawmaker
» Al-Sudani's cabinet has no intention to reverse the dinar's devaluation: lawmaker
» Iraqi dinar plunges to a new low
» "RV UPDATE" BY SANDY INGRAM, MNT GOAT, MARKZ, NADER FROM MID EAST AND FRANK26 1/28/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» HOT NEWS BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» Guru Okie 1/28/23
» Guru MarkZ 1/28/23 am