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Who needs a RV/RI??? Iraq Doesn't.


Luigi1
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Luigi found this article of Dinarian interests...

Sadr believes the high price of oil will substain Iraq.

There is no need for a RV/RI at this time.

Treat as a rumor.  Not varafied.  Your opine.

 

 

 

11-1-2021   Newshound Guru Samson  Article:

"The Sadrist movement reveals a trend regarding the dollar exchange rate"  Quote "the rise in oil prices in the global market will be enough to provide financial abundance, instead of resorting to raising the exchange rate of the [U.S.] dollar [Which would be the same as lowering the rate of the dinar], this is the economic solution..."

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They may be feeling good about the price of oil right now, but it won't be up there forever, and then what?   Change their exchange rate, and it will definitely maintain the value or could even increase!    This article seems somewhat bogus to me anyway.  

 

We will see....:drunk:

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4 hours ago, fioranosportscars said:

Exactly….  Every time they goto the bathroom they come up with a new story…🤦‍♂️🤦‍♂️ … but since they post it under rumors I guess it makes it ok to spread lies and bull…

They can probably pass it through a screen with no effort 

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8 hours ago, Luigi1 said:

Luigi found this article of Dinarian interests...

Sadr believes the high price of oil will substain Iraq.

There is no need for a RV/RI at this time.

Treat as a rumor.  Not varafied.  Your opine.

 

 

 

11-1-2021   Newshound Guru Samson  Article:

"The Sadrist movement reveals a trend regarding the dollar exchange rate"  Quote "the rise in oil prices in the global market will be enough to provide financial abundance, instead of resorting to raising the exchange rate of the [U.S.] dollar [Which would be the same as lowering the rate of the dinar], this is the economic solution..."

The Price of oil has NOTHING to do with the Iraqi Currency RI/RV! Period! Luckily most of us have been around this investment so long we have seen oil go over $100.00 and stay there for months, then the bottom fall completely out, staying there for a couple of years! The problem is corruption! Period! JMHO!  🤠

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16 hours ago, Luigi1 said:

There is no need for a RV/RI at this time.

Iraq citizens don't need RV because when this baby pops one day, the iraqi citizens can only exchange their old dinars for a new lower denoms with a higher purchasing power in the country of iraq. Only dinar holders can exchange dinar for dollars out of iraqi country when the rv comes one day.

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