pontiyak

Nice Adam You can stand with your nose 6 inches from a painting and you will only understand and see a very small piece of the painting. Stand back and you will appreciate the whole painting. The best things in life RV yak

I wonder if CR2 is collaborating with Ripple ? The best things in life RV yak

I do believe the people of Iraq need to be compensated for all their years of suffering wars and poverty, and corrupt leaders need to be removed, but compensation can be achieved in many ways. Improved infrastructure, higher wages, lower inflation. lowered unemployment. Those sort of things. All I'm saying is that if a lot of Dinars are still floating around in country and a significant RV takes place it could be destabilizing. That's not a good thing. If there are not a lot of Dinar floating around and a healthy RV takes place, people will be happy as their currency starts to regain a respected place on the world stage.

WOW... I've been thinking about this for a long time. I've always held the belief that at some point in time the amount of Iraqi Dinars would start to dry up, (in country). Many of us know that the US dollar is the currency currently being used on the street in Iraq. If the CBI was to do an RV, whether it be .10 or 1.00 it could be de-stabilizing to the economy, if too many dinars were still floating around, (in country). The GOI does not want large swaths of Iraqi citizens to be instantly wealthy. Money is power and all governments know this. IMHO it is looking like the majority of the Dinars have been removed from the street. I also think new bank notes have been printed without the three zeros. An RV could now take place without de-stabilizing the economy. The majority of real winners would be those who hold Dinars outside of the country. One caveat is that the CBI and the BIS could impose price restrictions on converting the Dinars we hold. Hope all are well. The best things in life RV. yak

I seem to recall Iraq having to borrow money from the IMF to keep the country afloat, back when the price of oil tanked. If this was true, has Iraq repaid those funds ? TIA The best things in life RV yak

I think Iraq needs to deal with the current dinar before they start thinking about dipping their toes into the digital environment. The best things in life RV. yak

Thanks for the replies to my questions. I thought the HCL was part of the 2021 budget and that the budget was passed, thus also passing the HCL as well. I know that agreed upon funds started flowing to the Kurds but not if the HCL was passed for sure. I had to focus on other issues for awhile. I can only hope the price of oil is helping Iraq get past issues under control. The best things in life RV yak

Merry Christmas and Holidaze wishes to all. I have not been here much in some time and was not a major contributor to past conversations. However I have enjoyed the facts, links and opinions from many over the years. I still don't know if Erbil was ever ratified and posted to the "Gazzette" ?? I hope somebody can enlighten me on that. But something occurred to me just the other day. That it was not specifically the Erbil agreement that was holding up any possibility of an RV or change in the exchange rate of the Iraqi Dinar but the reparation payments to Kuwait. Perhaps Iraq needed to get past that and then restock the bank account using the additional dollars provided with the higher price of oil ? I know I've been away but going through 10,000 posts is not something I want to do. All updates and opinions greatly appreciated. The best things in life RV yak.

Former Prime Minister Nuri al-Maliki led a negotiating delegation to engage with the Kurdish forces in Erbil over the future of the political process and the general outlines of the features of the new government, followed by negotiations with the Sunni forces led by the leader of the State Forces Alliance, Haider al-Abadi. Maliki is still alive and farking things up to appease Iran....???? Okie Dokie... The best things in life RV yak.

If I get paid with XRP I'm cool with that... The best things in life RV... yak

Now why would banks want to enhance balances abroad...? Why is there such a demand for Dinars out side the country ? Things that make me go Hmmmmm. The best things in life RV. yak

You might be closer to the truth than you know. I too am seeing certain correlations between crypto's and the reset.( not the DS version) plus the desire of the US to come out with their own USDC. XRP bridges a lot of gaps. The best thing in life RV. yak.

How about increasing the value of the money to compensate for the population increase...???? The best things in life RV yak

it's about time.... The best things in life RV yak

Groundhog Day.... The US and Iraq have been down this road before. The US pulled out and ISIS wrecked havoc in Iraq, and the US had to come back in and save the day...AGAIN !! ISIS was partially funded by Iran...DUH,!!!... even though certain segments of Iran's military helped to defeat ISIS. Iran is playing both sides of the equation in an attempt to take over Iraq. Iran has wanted to own and control Iraq for over 50 years.... Have we all forgotten the Iran/Iraq wars ? The more things change the more they stay the same... The best things in life RV. yak.

Want to really drain the swamp....? Kill the creature from Jekyll Island !! They/them own the CBI. Only a few will understand that. The best things in life RV. yak

Two steps forward... and three steps back.. And then you do the hokey pokey, and you shake it all about.... The best things in life RV. yak.

Parliament clearly has no trouble waiting to pass gas.... The best things in life RV. yak

jg1: There has been talk on many forums that a countries currency should or could be valued on it's provable resources, it's gold holdings, it's trade balance, and a few other factors. It sounds good in principle, but the implementation might be problematic. The value of some countries currency might actually go down. The best things in life RV yak

Iraq does not have the reserves to RV to $3.20. It's not going to happen. Iraq could easily RV to .10 cents to start and then increase gradually. They could also RV to $1.10 but would need to restrict how much you could convert over a period of time. Think of it this way.... if a basic Iraqi family has 1 million dinars stuffed under the mattress and the Dinar RV'd to $3.20, that family would now be worth 3.2 million dollars. It isn't going to happen. It's to destabilizing to the economy and Iraq can't foot the bill. Now bear with me as I give you all a Yak hug.... I believe the Dinar is worth at least $2.00 and if Iraq stabilizes it could close in on $3.00. But that is going to take time. Yup...more time. Iraq reportedly has more oil than Saudi Arabia and look at the price of the Saudi currency. Iraq is going to be a major player in the region and the value of their currency will reflect that. In time. If Iraq does small RV's or goes to the Forex at some point, which I don't see happening just yet, we will do pretty good. If they do an RD then we wasted a lot of time for a very small return. This is turning into a very long term investment and I'm frustrated too. But common cents seems to be a rarity these days. The best things in life RV yak

At some point the IMF and International Bank of Settlements (IBS) have to declare or accept the Dinar as a convertible or exchangeable currency which will open the doors for Central banks around the world to do the same. Currently the IQD is Iraq's official currency but it's not officially recognized by the core financial system yet. IMHO. It is this news I look forward too. Whether it happens before, during or after any possible RV is anyone's guess. Just a few pontifications... Happy 4th to all my American cousins. yak

Two thoughts. One: I thought the US was now self sufficient with it's own oil, This article runs counter to that proclamation. and two: does Western Canada have rabies ??? We already ship oil south from Alberta to refineries in the Gulf states. And the US has been getting it dirt cheap for some time now. Too cheap in fact. We have an abundance of oil and need to find more international buyers. We are trying to get pipelines built to ship our oil to foreign buyers but if the US would pay us a decent price. we would be happy to sell much more to our southern cousins. The best things in life RV yak

The Creature from Jekyll Island. This is who Trump is really going after, ( drain the swamp), and why he's being attacked from all directions. The best things in life RV yak

I can’t see Iraq integrating much more into world finances with out a recognized and convertible currency… The best things in life RV. yak

Pitcher...agreed. and in regards to the first 1/2 ton EV pickup truck with at least a 200 mile range.. That manufacturer will absolutely clean up... The best things in life RV yak