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1,412 ExcellentAbout bkeiller

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Suck up all these big notes! We've been here for years. So, waiting for change is nothing new. It is a process. 🤪
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Not sure, but if the majority of the economy is still based on petro-dollars (earning US dollars for every barrel), then they just gave themselves what is a pay/revenue increase allowing them to buy back (and presumably destroy?) more Iraqi currency (20+%) using those dollars. That fascinates me that they could potentially unwind 20+% of the money supply, so easily. Isn't that one function of a central bank (i.e., controlling the money supply)? Then the fun starts when (not if) the Iraqi dinar becomes an internationally traded currency?
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Riddle me this: Why is the Forex still showing the 1190 rate? Is it to prevent people buying cheap dinars, or something else? https://forex.tradingcharts.com/chart/US Dollar_Iraqi Dinar.html
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Iraq's agricultural industries are sure to gain from this currency manipulation. Becoming less reliant on Iranian produce has got to be a good thing!? And, the IRGCs stock of stolen dinars just took a haircut. So, did ours, but I can live with that short term, if it helps the Iranian people rise up against their theocratic-terrorist rulers. It will also be cheaper to buy in-country products I Iraq which should help get manufacturing off of the ground. Good for Iraqi pharmaceuticals and extraction industries, etc. Good for foreign investors in this space. So,