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100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers.


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Translation isn't always right 100% and has a different meaning from the original article which was written in arabic language. Therefore how one interpret it can be more confusing. I don't believe and have a doubt that the goi or cbi will announce the rv openly to the public. However goi or cbi will announce rv quietly and secretly.  Just wait and see. I believe it when i see it.

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10 minutes ago, SocalDinar said:

Just back from Costa Rica and the USD is widely used.

It’s widely used in Mexico too! In fact they would rather have the green back than pesos! It’s been that way for the 55 years that I have been going into Mexico! JMHO ! 🤠

Edited by Artitech
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21 minutes ago, Artitech said:

It’s widely used in Mexico too! In fact they would rather have the green back than pesos! It’s been that way for the 55 years that I have been going into Mexico! JMHO ! 🤠

I concur Artitech, been here for 30 years and has always been that way. :twothumbs:

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the usd is the reserve currency of the world and of course many countries with weak poor economy's or high percentages of tourism / expat's use the USD for commerce , Iraq imo was never intended to forever be a dual currency country billions of usd was introduced after saddam removal to keep the country supported till its new democracy took hold , we all know how well that plan has worked out , iraq is a rich country, that for many many years and not just speaking of saddam's rule enjoyed a iqd value exceeding the usd exchange rate ... make iqd great again ... all the best dv'ers

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On 9/17/2020 at 11:21 AM, Butifldrm said:

Hi everyone 😘

 

Looks like Sumaisem thinks they can increase the value of the Dinar to 1000 to 1 dollar, then re-denominate by deleting the zeros to place the dinar on par with the dollar if Iraq were not in such a financial crisis.  

I pray this interpretation is accurate. At both intervals, it is a great improvement over where it is now at 1190.20 to $1.00 USD .

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On 9/18/2020 at 1:45 PM, 3n1 said:

the usd is the reserve currency of the world and of course many countries with weak poor economy's or high percentages of tourism / expat's use the USD for commerce , Iraq imo was never intended to forever be a dual currency country billions of usd was introduced after saddam removal to keep the country supported till its new democracy took hold , we all know how well that plan has worked out , iraq is a rich country, that for many many years and not just speaking of saddam's rule enjoyed a iqd value exceeding the usd exchange rate ... make iqd great again ... all the best dv'ers

Even little ole Zimbabwe 

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