Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Thursday Night Opinions @ 10:50 PM CDT - 2/29/2024


Recommended Posts

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 ... :twothumbs: RON 



Militia Man  Iraq is going to have a lot of inflows. They're going to need to make things stable...To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.

Pimpy  We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars...If that bank...buys and sell foreign currencies they would keep it on their books as an asset.  If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books. [Post 1 of 2]

Pimpy  That's why you don't have to worry about whether Iraq has enough US dollars. It's going to be whether your bank has enough dollars and since everything's going to be digital there's not going to be a problem with that. That's how it's going to happen all around the world. You're going to be able to go into your bank, exchange your IQD and that's who you're exchanging it with. Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets. [Post 2 of 2]




  • Thanks 4
  • Upvote 3
Link to comment
Share on other sites

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.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.