Sunday Noontime Opinions - 1:15 PM CDT - 9/26/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON 

 

 

** Pimpy  You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar.  But what is not put on there is how much of it was destroyed?  There was a flood and the banks had to destroy that money.  How much of it was taken by ISIS and destroyed?  We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market.  This is great news.  Think supply and demand.  If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00.  It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate.  (Post 1 of 3...stay tuned) 

 

** Desert Advisor  Iraq has basically kicked out France and their military and our military.  They've just not discovered but they're really seeking investors now for their phosphate which has been going on for years, meeting with multiple countries and different investment companies whether it's their energy, in different agriculture sectors, phosphate, all kinds of stuff and their economic reform is making way as much as they're talking with the IMF, the World Bank and everything like that with the new budget.  It's pretty interesting to see everything going on!  

 

** Mnt Goat  Article:  "SALEH PUTS THE INTERNATIONAL COMMUNITY IN THE PICTURE REGARDING IRAQ IN HIS SPEECH TODAY"  Iraq is now all about “international”. Yes, everything these days is reaching out to the international community for trade and business. We can see the reinstatement of the dinar coming clearer and clearer in the picture each day as we progress closer and closer to the end of the year.

 

** Frank26  Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it"  The new exchange rate is fixed to float under a controlled managed rate increase...this is education for the citizens. 

[screwball]

no change in rate just purchasing power? remove those zeros....

[Longtimelurker]

Pimpy- "There was a flood and the banks had to destroy that money.  How much of it was taken by ISIS and destroyed?"

 

Does anyone know anything about banks being flooded or Isis destroying  cash? Why would anyone destroy cash?

[PrehistoricMan]

4 hours ago, Longtimelurker said:

Pimpy- "There was a flood and the banks had to destroy that money.  How much of it was taken by ISIS and destroyed?"

 

Does anyone know anything about banks being flooded or Isis destroying  cash? Why would anyone destroy cash?

It was a few years ago.  I remember a missle hitting a bank and destroying all money in it.

[rvmydinar]

16 hours ago, ronscarpa said:

** Pimpy  If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00.  It would bankrupt the country.

Bankrupt the country? Is this some kind of in-country rv or something, according to what pimpy said? If all dinar holders will only be able to exchange dinar for dollars in the states ( out of iraqi country ) when the iqd rv one day, i don't think it will bankrupt the iraqi country.

[Half Crazy Runner]

2 hours ago, rvmydinar said:

Bankrupt the country? Is this some kind of in-country rv or something, according to what pimpy said? If all dinar holders will only be able to exchange dinar for dollars in the states ( out of iraqi country ) when the iqd rv one day, i don't think it will bankrupt the iraqi country.

Exactly! When we trade in our dinars in the US, the money goes into our treasury here. Iraq doesn’t pay us, our government does.