Sunday Afternoon Opinions @ 5:45 PM MDT - 7/09/2023

[ronscarpa]

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  

 

 

Pimpy   All currencies have some type of backing ...what supports the IQD is the oil industry.  But there are other things out there like the amount of gold they buy, the amount of foreign currency assets they build up, all these things support the IQD.   But when you say something is asset-backed that means this particular commodity solely and purposely supports the currency and Iraq doesn't have any assets or any commodities that solely are developed for the sole purpose of supporting the IQD.

 

Frank26   XRP pairing with the dinar is a tell tale sign of an international float that's coming with a pairing of many currencies with the Iraqi dinar.  

 

Mnt Goat  Article: "IRAQ AND GERMANY SIGN A STRATEGIC COOPERATION AGREEMENT IN THE FIELD OF COMMUNICATIONS AND POSTAL SERVICES"  Does Iraq need this to RV?   NO! But it certainly shows us once again just where this country of Iraq is slowly progressing more and more “open to the rest of the world”.