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Posts posted by Wiljor

  1. 5 hours ago, rvmydinar said:

    There are 3 possibilities

    1.) Dollar will be replaced by Yuan in the long run. That means Yuan will become an internationally recognized currency someday.  As a result , China will float and RV the Yuan as China only use Yuan for international trade with other countries or vice-versa.

    2.) It will take a long time for Iraq Dinar to become an internationally recognized currency if Iraq never use Iraq dinar for international trade or vice-versa.

    3.) Iraq dinar will peg to Yuan after Yuan become internationally recognized currency one day.


    I really don’t think that the Yuan will be a player in this or anything related. Their economy is falsely propped up by what’s called “Ghost cities” and China is in big trouble right now and have been for a while as their real estate market has simmered down.  Do you remember Evergrande? well, that’s only the tip of the iceberg, all throughout China are many scenarios like this and if that comes tumbling down, it could take the world with it. 
    Look up Chinas “Ghost cities” on YouTube, scary stuff indeed 

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  2. Just saw this pop up on my cel DV, Not sure how reliable BBC is? 

    Buildings stormed after Moqtada al-Sadr, Iraqi political leader, retires

    By Raffi Berg
    BBC News

    Media caption,

    Watch: Moqtada al-Sadr supporters storm Iraq's presidential palace after he retires

    One of Iraq's most powerful figures, who has been at the centre of a long crisis over forming a government, says he is retiring from political life.

    Moqtada al-Sadr, a firebrand Shia cleric with millions of followers, announced his decision on Twitter.

    Several people were reported killed in clashes after his supporters stormed the presidential palace.

    Hundreds have been camped outside parliament for weeks after previously storming it in protest at the deadlock.

    Mr Sadr's announcement comes two days after he called for all parties and figures involved in political life following the 2003 US-led invasion of Iraq to quit.

    His political alliance won the most seats in last October's general election, but his MPs later resigned amid deadlock with a rival Shia bloc over the appointment of a new prime minister.

    Supporters of Moqtada al-Sadr with his portrait inside parliament (27/07/22)IMAGE SOURCE,REUTERS
    Image caption,
    Moqtada al-Sadr's supporters recently twice stormed parliament

    Mr Sadr said in a statement: "I had decided not to interfere in political affairs, but I now announce my final retirement and the closure of all [Sadrist] institutions." Some religious sites linked to his movement will remain open.

    Iraq's state news agency INA later reported that Mr Sadr also announced a hunger strike until the violence and use of weapons stopped.

    Mr Sadr, 48, has been a dominant figure in Iraqi public and political life for the past two decades. His Mehdi Army emerged as one of the most powerful militias which fought US and allied Iraqi government forces in the aftermath of the invasion which toppled former ruler Saddam Hussein.

    He later rebranded it as the Peace Brigades, and it remains one of the biggest militias which now form part of the Iraqi armed forces.

    Although the Mehdi Army had links to Iran, Mr Sadr had latterly distanced himself from Iraq's Shia neighbour and repositioned himself as a nationalist wanting to end US and Iranian influence over Iraq's internal affairs.

    The rival Shia political bloc, the Coordination Framework, with which Mr Sadr's bloc has been at loggerheads, mainly includes Iran-backed parties.


    Mr Sadr, one of Iraq's most recognisable figures with his black turban, dark eyes and heavy set build, had championed ordinary Iraqis hit by high unemployment, continual power cuts and corruption.

    He is one of a few figures who could quickly mobilise hundreds of thousands of supporters onto the streets, and draw them down again. Hundreds have been camped outside parliament since storming it twice in July and August in protest at the deadlock.

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  3. 32 minutes ago, Fimum said:

    I don't agree often with many of the gurus, but the two pimpy posts are spot on. If you or I had more than 20% of our take home siphoned off, it would hurt. The point being if more than simply giving back that 20%, the CBI were to increase the value of every Iraqi's paycheck by 50 or even 100% it would spur economic growth tremendously. At first your average citizen would see the vast array of imported goods they can now afford, which would drive domestic production; given the business climate is appropriate.

    I agree, giving Iraqi's more spending power will not only spur growth but will NOW attract investment. A worthless Dinar makes it difficult to purchase goods and services and will not drive the economy onward and upward. (which has been proven time in time out)

    Iraq needs to start now and engage the international community and open the doors to whom ever wishes to enter, not just the BIG corporations, and, begin to enjoy an economy not based soley on oil.

    Creating jobs in other sectors and industry will diversify their economy and bring in other soarces of income, for example, tourism is slooowly making it's way back as there are many YouTube videos pertaining to this. 

    Let's see how this unfolds but one thing is for sure, "rate change" news in pretty much on the daily docket these days. 

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  4. Good morning Yota, a fine day out to you sir 🙏


    As we know, there will be no way of a informed RV/RI, we are going to wake up one day and this will have changed. The media on this matter is meant to keep the people guessing and the speculators confused.

    This topic has been debated for many years now and we are still waiting, but, that does not mean that it won't happen. The facts are that Iraq has a severly undervalued currency for the riches that it has, and it's only a matter of time that it's rightful value will be reinstated. 

    IMO, they are on the right track and their has been substantial progress, especially as of late, that coupled with the steps taken to bring Iraq to the worlds stage and become a global competitor, their nieghbors are all on board for this to happen. 

    I agree @Artitech they are doing a fine job indeed, I also think that they can adjust the rate anytime they wish with no specific date in mind. Timing is everything and the sense of urgency in the past few months seems like this could POTENTIALLY be the year.  :twothumbs:

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