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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