Wednesday Night Opinions @ 9:35 PM MST - 6/11/2025

[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 

 

 

6-11-2025  Pimpy  Name a country that has revalued their currency in which they keep all the zeros on there, never ever ever in the history of revaluing a currency...The Iraqi dinar from .00076 and increase it all the way to $3.22, you know what the increase is? 4,000% increase in value.  Have you ever heard of any currency that has increased that much?  Never.
 

6-11-2025  Sandy Ingram   Compared to Iran, Iraq is a wealthy country with over $100 billion in foreign reserves.  However, if the US doesn't see the implementation of global standards in the banking sector and the exclusion of banks allowing US dollars to flow into Iran, the US could further tighten the flow of US dollars from Iraq's Federal Reserve account.  This would affect Iraq's ability to function and cause deep fluctuations in the IQD exchange rate.

 

6-11-2025  Clare  Article: "The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves." Quote: "The bank stated in official statistics, reviewed by Shafaq News Agency, that "the Central Bank's foreign reserves as of May 22 of this year amounted to $98.83 billion, equivalent to 128.479 trillion Iraqi dinars, an increase from May 1, when reserves amounted to $97.943 billion, or the equivalent of 127.326 trillion dinars."

 

6-11-2025  Walkingstick  Remember, the value of their currency is items [assets] tapped and items untapped. Therefore, it is far more than what they are registering...All resources in Iraq as whole whether they are mined or unmanned, tapped or untapped, oil and gas resources, all of this counts towards their reserves and towards the value of their currency.

 

6-11-2025  Frank26  The CBI, through Asraflak, is teaching you the American dollar is going away and shrinking and the Iraqi dinar is gaining fast.  Soon when it's in position they wanted it to be I believe they will show you the exchange rate.  They're telling you this shrinking is getting to the point of 1 to 1 with the American dollar IMO.  This is a good position for the dinar to go internationally...maybe about $1.25 IMO. Regardless the security and stability that was required by removing Iranian influence is among us.  We are witnessing security in your country inside and out like it's never been...We are witnessing history not just with the Iraqi dinar exchange rate but with other currencies as well all because of Donald Trump.  He is literally changing the financial structure on this planet right before our eyes.

 

6-11-2025  MarkZ  So we have the Economic investment forum happening the same times as the 4th meeting with the WTO. Article: "Preparation for the 4th meeting of the ascension to the world Trade organization”  this is a negotiation meeting. Iraq has met all their obligations. They are also expected to have an international rate with no sanctions or restrictions on the dinar.  This is huge.

 

6-11-2025  Pimpy  Community Comment: " 'In country' and 'out of Iraq' are two different scenarios." What do you mean two different scenarios?  No two different scenarios.  Once you change the exchange rate it goes worldwide. There's not two different scenarios period.

 

 

[JonnyV]

Pimpy is off his meds again.   Please Pimpy, start taking your meds again. You are driving us crazy like you.  

[Artitech]

Plus now Newsmax is reporting that all embassy staff in Baghdad are evacuating from Iraq! Looks like we are in for another dead year! 

[Luigi1]

Pimpy  Name a country that has revalued their currency in which they keep all the zeros on there, never ever ever in the history of revaluing a currency...The Iraqi dinar from .00076 and increase it all the way to $3.22, you know what the increase is? 4,000% increase in value.  Have you ever heard of any currency that has increased that much?  Never.

 

Hey Pimple:  It's a Re-Instatement to it's original ER, not a 4,000% increase.

[Society]

Kuwait went from .08 to 3.47 overnight

[rvmydinar]

26 minutes ago, Society said:

Kuwait went from .08 to 3.47 overnight

3.47 : 0.08= only 43.5 folds. So for example if this applies to Iraq dinar,  Iraq dinar is 0.00076USD x 43.5=$0.033 USD. It's only 3 cents increase. Some dinar holders may disagree.

[Luigi1]

48 minutes ago, Society said:

Kuwait went from .08 to 3.47 overnight

 

It was an Re-Instatement of the original rate.

[Society]

2 hours ago, Luigi1 said:

 

It was an Re-Instatement of the original rate.

!!!!!!!......... And, in 2009 the MOP/MOF report said the "True Rate" of the IQD was $3.208.....With inflation, what is it now??