[Response to Guru Pimpy’s 11-13-2024 post] Guru Pimpy’s concerns are unfounded as Iraq has already adjusted their per barrel price expectation down to $40 pb. However, the notion Trump has something up his sleeve is almost a given. Trump will end the middle east conflicts between Israel and Hamas, Syria and Hezbolla, Iran etc… in exchange, I think the bargain will be that Trump and America gets to experience the inevitable revaluation on Trumps watch and not on Biden’s. It is estimated that the UST and the State Department hold a great deal of Dinar as a result of the many loans to Iraq that were, in reality, currency swaps. This would almost cancel out the National Debt and Trump would appear to be the hero…We may be waiting until January 20th for our revaluation event.
Above mentioned Post is below
Pimpy I have no doubt Trump is going to want to do this [a peace in the Middle East deal with Sudani] as quickly as possible so it shouldn’t take very long for us to finally start to hear what it is that Trump has in mind with Sudani and Iraq, what they’re going to offer Iraq. What does this mean for the Iraqi dinar? This means the currency is going to be stable and once it’s stable and they’re not worried about inflation then we might see the deletion of the zeros coming up here shortly and then followed by a new denomination of Iraqi dinar dinars, new currencies without the zeros on them. Then we’ll definitely see the exchange rate change…
