ronscarpa Posted March 30, 2022 Report Share Posted March 30, 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 ** Sandy Ingram Article: "Venezuela's risky currency stabilization to tackle inflation" Venezuela's currency is up in value. Can the IQD follow? ...the new Bolivar has against all odds managed to stabilize the economy...We know Iraq has over printed its currency...We know that if Iraq decides to do what Venezuela has done and issues a new currency many of us will or might be in trouble with our investment unless we are willing or even allowed to travel to the Middle East to exchange our old Iraqi dinars for the new Iraqi currency...[Post 1 of 2]. ** Sandy Ingram Even then the fact that Iraq has overprinted the money may spell trouble for the old currency to the new currency exchange. It would depend on how many people, companies and countries show up for the exchange or even if we are allowed to make the exchange. This is all based on what if Iraq does what Venezuela has done. Iraq would have control over the new currency and it would be in control of their own creation...[Post 2 of 2]. ** Mark Some folks...are very worried about news out of Iraq. The election to choose the new president has been moved to April 3rd to the 6th now… But, I would like to again point out that they let us know on Monday that they can still move forward with committees, and Saturday they sat the finance committee. ...Since the finance committee was seated…the banking side and CBI are squared away and they do not need the rest of the Government to RV. If they do not seat a new government by the 6th, …the existing government just takes over again. ** butterfly Only 152 lawmakers showed up for the latest vote...For the third time, Iraqi parliament fails to elect a new president. 2 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.