McHales Navy

I didn’t know Julius Erving followed dinar.

Well..., thanks for the info..... I think. Since the details are so readily available as this person suggests, has anyone had the privelidge of coming across it and sharing it? It would be greatly appreciated! Thanks in advance.

Good... , if that's how he feels, raise the value of the dinar so there be a positive impact instead.

Iraq will need a justification of the value of their currency regardless in my opinion. Meaning … , gold, foreign currency reserves, oil back up the value. Oil will still need to flow. It is the lifeblood of their economy. The IQD has been stagnant at a program rate for over 3 years now ( 1170 –1166 ), and circumstances have improved economically and politically since then. It would be safe to assume their reserves have increased as well. Which has actually been stated by the CBI. I would even say the CBI has quite possibly stocked up on more gold to boost up their reserves. Taking all that into account, I’m hoping an announcement is coming forth with a new program rate. Furthermore, with some monetary policy changes, some tweaking here and there, a bigger increase in the dinar rate is quite possible. Taking it up an ever further notch, if Iraq decides to only accept dinars as payment for oil, and gets most of the big power player buyers to jump on board. Then we’ve got an even stronger dinar, but the USD goes down the toilet. Choose your poison I suppose. All my opinion of course.

Yeah.... what he said.

Thanks for the post and the research.