ronscarpa Posted January 28 Report Share Posted January 28 (edited) 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... So, take everything with a grain of salt .... RON yada ...the dinar has been positioned to increase in value internationally through the efforts of removing the dollar from their market. Not only removed from Iraq, all the contracts that go forth with Iraq from other countries will be paid in dinars. No converting to dollar, to dinar, then back to other currencies. Paid in dinar. This creates more value and good for us in the know. Militia Man They're forcing effectively that Iraq needs to move on and to adjust their currency and to do so it will be reflected in their stock exchange...it's a two-fold situation. Once they hit that stock exchange [between now and the 29th] not only will they be able to buy the stocks within themselves...the world at large can come in electronically and digitally through separate platforms...Those separate platforms...will require the exchange rate change...to have an Article 8 compliant structure...we believe...the Central Bank governor Alaq has been brought back into the realm to do. Henig Article "The currencies of Iran and Syria fell a lot after Washington scrutinized Iraq 's dealings in dollars" Edited January 28 by ronscarpa 3 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 28 Author Report Share Posted January 28 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... So, take everything with a grain of salt .... RON Mnt Goat ...we had some “WOW” news this week with the inauguration of Ali Alaq as the director of the Central Bank once again. No, he is absolutely not in a proxy position...We must stop for a moment and ask the significance of this move by Al-Sudani to appoint Ali Alaq back as director... he was very ambitious and wanted to bring back the prestige of the dinar... I believe we can expect the same sort of communication...about where we stand with the project to delete the zeros and any move to go international...This will probably take place in a week or two. 3 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.