Ariel
@Prolotario1
Iraq Dinar Update (Important Read)
#4 The Final Step
First Strategic Objective: Support and Enhance Monetary Stability
This strategic framework outlines four key sub-objectives with their corresponding initiatives to maintain monetary stability:
1. Stability of the General Level of Prices
– Issue medium or long-term securities capabilities
– Manage monetary policy rates in alignment with monetary stability and economic growth requirements
– Support and stimulate microfinance development
– Implement a comprehensive national lending strategy
2. Stability of Exchange Rates
– Transition from platform-based to correspondent bank systems for foreign remittance procedures
3. Manage Reserves According to Best Practices
– Diversify investment tools based on source
– Enhance and increase gold reserves
4. Improve the Quality and Structure of the Iraqi Currency
– Introduce new high-quality currency issues with reduced environmental impact
– Establish a dedicated currency examination laboratory
– Implement automation for cash operations, including counting and sorting functions
Do you see how close we are? What is the 1st thing they have to do in #4? Introduce a new currency correct? And they also stated that they want to complete this within 10 days which brings us to Christmas.
Everything started on December 15th. This is where the 10 days come from.
Deleting The 3 Zeros: Iraq Explains No Value Loss
What does this mean for an foreign investor like Americans or other?
U.S. investors who purchased IQD at a fraction of its nominal value (e.g., 1 IQD = 1/100th of a U.S. cent) have effectively acquired significant amounts of IQD for very little USD.
For example, if you spent $1 to purchase IQD, you might currently hold a substantial number of IQD notes because of the historically low exchange rate.
A reinstatement or revaluation at a 1:1 exchange rate (1 IQD = 1 USD) would mean each IQD note would be worth one U.S. dollar.
Example: A 100,000 IQD note, purchased for a minimal cost, would convert to $100,000 USD under a 1:1 exchange rate.
If the value of the IQD increases beyond 1:1 to, for example, 1:3 (1 IQD = 3 USD), the same 100,000 IQD would convert to $300,000 USD. At 1:8, it would convert to $800,000 USD.
What a 100k IQD Note Will Be Worth Once You Convert It To USD Upon Revaluation?
1:1 (100k)
1:2 (200k)
1:3 (300k)
1:4 (400k)
1:5 (500k)
1:6 (600k)
Etc.
This basic math. Because regardless if you hold IQD this will be what the exchange rate will be on the Forex. People who attempt to buy IQD after the reinstatement on international markets will not see any profits. Only those who bought IQD at 1/100th of its price for pennies on the dollar.
When Iraq talks about “deleting the three zeros,” it typically refers to removing the zeros from the exchange rate, not necessarily from the physical currency itself. This is why people are confused. You think they will take out a magic marker and erase zeros off a paper currency?
Please give me your IQD so I can save you from disappointment. I, promise I will not give it back.
These are the 3 zeroes on the exchange rate they will be deleting. Which will make 0.00076/0.76. Not the currency. Which means if you have 100k once it goes international you would gain only 0.76/76,000 USD/ROI.
So imagine the other examples of 1:1 or higher?
