ronscarpa Posted March 18, 2022 Report Share Posted March 18, 2022 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 *** Breitling People are like how can Iraq back up their own currency? They've never had a problem... backing their currency up. That's never been the problem. The problem is who will accept the Iraqi currency. And how do you convert the Iraqi currency to the U.S. dollar and go through the Swift system and then convert it to whatever country they are doing business with to get the products they need...Remember every time you go through the Swift system you have to convert it back to the American dollar... *** Pimpy I want to trust the experts out there are doing the right thing. If they're saying we cannot do it right now [RV/RI/Rate change] because it's not the right time I want to trust that their judgment is correct and they have the Iraqi people in mind when they're doing the work... 1 7 2 Quote Link to comment Share on other sites More sharing options...
CSM (R) Thack Posted March 19, 2022 Report Share Posted March 19, 2022 2 hours ago, ronscarpa said: I want to trust the experts “Trust”…😂🤣😂🤣😂🤣😂🤣😂 2 3 3 Quote Link to comment Share on other sites More sharing options...
dinarham Posted March 19, 2022 Report Share Posted March 19, 2022 Now that Iraq has radified the New York Convention on Arbitration , international transactions will run much smoother. 5 1 Quote Link to comment Share on other sites More sharing options...
HowieC Posted March 19, 2022 Report Share Posted March 19, 2022 15 hours ago, ronscarpa said: I want to trust that their judgment I trust the cabal ...Don't YOU ?! 😳 😅 1 Quote Link to comment Share on other sites More sharing options...
64jaguar Posted March 19, 2022 Report Share Posted March 19, 2022 Pimpy has to know the SWIFT system is in its death spiral, Ripple and XRP are killing it and the Arab Banks are adopting Ripple and XRP. I'm half thinking the death of the Traditional Banking system and the adoption of ISO 200022 is the real holdup for the RV. What will Iraq do when the U.S. Dollar is removed as the World reserve currency? Will the Dinar still be pegged to the Dollar or will they become an independent currency? Just my 1 1 1 2 Quote Link to comment Share on other sites More sharing options...
yogaman Posted March 19, 2022 Report Share Posted March 19, 2022 4 hours ago, 64jaguar said: Pimpy has to know the SWIFT system is in its death spiral, Ripple and XRP are killing it and the Arab Banks are adopting Ripple and XRP. I'm half thinking the death of the Traditional Banking system and the adoption of ISO 200022 is the real holdup for the RV. What will Iraq do when the U.S. Dollar is removed as the World reserve currency? Will the Dinar still be pegged to the Dollar or will they become an independent currency? Just my Quote Link to comment Share on other sites More sharing options...
yogaman Posted March 19, 2022 Report Share Posted March 19, 2022 You are correct. The adoption deadline for ISO 20022 is November this year. I think the dinar will need to depeg no later than that. I remember reading that they were working on their own central bank digital currency a while back, plus they have over 90 tons of gold to back it. Been holding dinar since 2008, and I believe this is our year. Breitling is behind the curve worrying about SWIDT and converting to dollars. XRP will be the bridge between all CBDCs. Everything coming to a point at same time. 2 1 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted March 19, 2022 Report Share Posted March 19, 2022 4 hours ago, 64jaguar said: Pimpy has to know the SWIFT system is in its death spiral, Ripple and XRP are killing it and the Arab Banks are adopting Ripple and XRP. I'm half thinking the death of the Traditional Banking system and the adoption of ISO 200022 is the real holdup for the RV. What will Iraq do when the U.S. Dollar is removed as the World reserve currency? Will the Dinar still be pegged to the Dollar or will they become an independent currency? Just my It has also been stated many times that the dinar will be pegged to a basket of currencies aka a SDR Basket! 2 Quote Link to comment Share on other sites More sharing options...
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