Iran Intends To Offer Travellers Iraqi Dinars, Not US Dollars

[6ly410]

The Central Bank of Iran building

Iran Intends To Offer Travellers Iraqi Dinars, Not US Dollars

9 hours ago

Iran Intends To Offer Travellers Iraqi Dinars, Not US Dollars (iranintl.com)

The Central Bank of Iran intends to substitute the US dollar with Iraqi dinars for tourism to regional countries, as it reportedly has a more substantial reserve of the currency.

Iran this year provided Iraqi dinars, instead of US dollars, to hundreds of thousands of pilgrims who visited Iraq at the end of August and early September for Shiite religious ceremonies.

The Iraqi dinars became available to the cash-strapped Iranian government when the United States in June allowed Baghdad to repay the equivalent of $2.7 billion from accrued energy import debts. It was reported at the time that part of funds will be for Iran to spend on Muslim pilgrimages to Saudi Arabia and Iraq. Apparently, a portion of the released funds were in Iraqi dinars.

Iran is critically short of hard currencies despite much higher oil exports in recent months in the face of US sanctions.

The chairman of the central bank Mohammad-Reza Farzin told local media on Saturday that Iran intends to use Iraqi dinars for regular tourism based on the model it employed with the recent pilgrimage to Iraq.

The US dollar and other top currencies are near all-time highs in Tehran’s free market, while the government could sell Iraqi dinars to tourists, possibly at more advantageous rates, converting the released funds into Iranian rials for government expenses.

Farzin added that the central bank is in the process of expert analysis and planning for the move.

To what extent Iraqi dinars will be convenient for travellers to countries such as the United Arab Emirates is not clear.

[rvmydinar]

4 minutes ago, 6ly410 said:

 

Iran Intends To Offer Travellers Iraqi Dinars, Not US Dollars

Why would the Central Bank of Iran want to give a favour to Iraq by offering travellers Iraq Dinar ? What does the Central Bank of Iran get something in return by doing that then? Do you all think the Central Bank of Iran will get nothing in return? Something is fishy going on here.

[screwball]

16 hours ago, rvmydinar said:

Why would the Central Bank of Iran want to give a favour to Iraq by offering travellers Iraq Dinar ? What does the Central Bank of Iran get something in return by doing that then? Do you all think the Central Bank of Iran will get nothing in return? Something is fishy going on here.

I don’t see anything wrong with this maybe Iran knows Iraqs currency is going to be sought after….and worth something maybe worth more  than the USD? USD outside the US will no longer used…all countries will trade their own!! 

[rvmydinar]

1 hour ago, screwball said:

….and worth something maybe worth more  than the USD? 

Hmmm......SOON? 

[screwball]

10 hours ago, rvmydinar said:

Hmmm......SOON? 

We all hope and 🙏