ronscarpa Posted July 4, 2022 Report Share Posted July 4, 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 *** Tivon Article: "The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves" Always pay attention to the last few statements when they start off so bold. They always dismiss everything they say once they refer to other authorities...The guy just denounced his own position or ineligibility once he stated "The Ruler, has the power to decide when to change the exchange rate." Ask yourself who is the Ruler? Al-Kazemi? Mustafa Galeh? Barham Salih? Because...none of the three have come out and supported any other statements when the exchange rate will be changed. *** Frank26 Article: "The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves" THE DEPUTY GOV OF THE CBI...IS NOT IN CONTROL OF THE EXCHANGE RATE. *** Pimpy ...The rumor is Iraq is thinking about going to the gold standard which would be huge. But one of the things they want to do is they have to find a way to start lowering the number of dinars that are in circulation. The good news is that they're not going to replace the dinar which is the biggest fear. But what they're looking to do is reduce the amount in circulation. I have not heard how that's going to happen. [Post 1 of 2..Reposted] *** Pimpy ...A bunch of talk between people who deal with currencies. It's just rumors...The people I'm getting the information from as credible as they are it always makes me reluctant when there's nothing that I can use to validate what is being said. They have had a major increase in their gold reserves. That's a major major step...if you start seeing that the Iraqi government is indeed doing whatever it takes to reduce the amount of Iraqi dinars in circulation then you know that the rumor is true - that they are heading in the direction in which they want a gold backed currency. [Post 2 of 2] 2 7 2 1 Quote Link to comment Share on other sites More sharing options...
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