Frank26 Willie Wonka…you get that golden ticket. I think we got a golden ticket here. I’m not too sure because it looks like something is going on.
Pimpy On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That’s not reflected in there. It’s not really 101 trillion Iraqi dinars in circulation. That’s what they put out in circulation but not what’s actually in circulation.
Militia Man Merchants will now be able to use the dinar to pay for foreign currency to buy international products…I would imagine there will be changes to Iraq’s currency that will be reflective of the real value of the IQD…They haven’t been using Iraq dinar at 1310 to purchase other foreign currencies. They’ve never done that before at 1310. Now they’re saying they can do that…1310 exchange rate has never been an international exchange rate…That’s coming from the Central Bank of Iraq so obviously something is happening because they’ve never done it before. I think it’s really good.
Pompey Peter Yeah, Iraq could come out at 1310 internationally on Forex. A man could land on the sun or pigs could fly. In other words the odds are slightly better than those two scenarios but in the opinion of most people it will not happen. Here’s why: Sudani stated clearly that the dinar was worth more than the dollar and the value of the dinar would be higher than the value of the dollar. That ain’t 1310 to $1. Secondly, Sudani said Iraqi’s dinar would be the solution to the world’s financial and economic problems. Not at 1310 it’s not. Three, if they come out at 1310 it’s impossible for the tripartite budget to work.
Sandy Ingram 10 weakest currencies in the world: The value of a currency depends on supply and demand while some are pegged, meaning the currency is valued at an agreed rate. The foreign exchange rate is an indicator of a country’s economic wealth. #10 The Iraqi dinar – inflation and political instability are the given reasons. #9 Ugandan shilling (USH)… #8 Paraguayan Guarani (PYG)…land locked in South America #7 Guinean Franc (GNF)… #6 Uzbekistani Som (UZS) 1 USD = 12,501 UZS #5 Indonesian Rupiah (IDR) #4 Laotian Kip (LAK)…only land locked country in Southeast Asia. #3 Sierra Leonean Leone (SLL). #2 Vietnam Dong (VND) #1 Iranian Rial (IRR)
Frank26 Article: “Iraq.. Expectations of a decline in the dollar difference and a return to the official rate” Something is going on… Quote: “The economic expert, Safwan Qusay, expected today, Saturday, a decline in the dollar difference in Iraq and a return to the official rate after a series of financial and economic measures taken by the government of Muhammad Shiaa Al-Sudani.” That’s a beautiful article. There’s immense power behind that article.
Pimpy Article: “The central bank announces the increase in the size of its reserves to more than $100 billion…” That’s adding a lot of money to the amount they already had… This is awesome for Iraq because having those foreign currency receivers does a great job in stabilizing your currency, supporting it and making it stronger…
Samson Article: “The central bank announces the increase in the size of its reserves to more than $100 billion.”
Militia Man There’s a quietness from the WTO when it comes to Iraq…Why did they do that? We can speculate on that. The truth be told is Iraq…would have more impact on the economic situation in the global financial system…It’s a big thing, a very big thing that the WTO lifted up two of the smallest lower developed countries in the world but they didn’t talk about one that was going to fix the financial system in the world. They didn’t talk about Iraq…Why? The shocks that the World Bank talked about. You can’t go and shock the whole world…and not have everybody ready because that’s going to cause chaos…
RayRen98 EVEN THOUGH I DON’T SEE IT YET…THEY ARE TELLING US “IT’S DONE”…THIS HERE “RIDE” IS FINALLY COMING TO AN END…HOPEFULLY TODAY.
Frank26 IMO the Forex is live. It is trading the Iraqi dinar live. I don’t believe I’ve ever seen it trading live against the dollar. It’s being traded in real time. That’s impressive. It started today or maybe yesterday …That’s why I say something is going on…It’s trading at $2.70 live. I’m not making this up. You can go look this up yourself. Let’s see if these numbers stay the same on Sunday…when they start trading live…Isn’t this suspicious? Isn’t this a precursor? Isn’t this a sign? Isn’t this a logical step for a currency that is about to go through a movement of some type?
MarkZ [via PDK] Question: what is your guy saying about rates? Others are saying $1.30 in country… MarkZ: TO me $1.30 doesn’t make a whole lot of sense. Would it work for them – yes. They have been very blunt with their people and even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be…I would be ok with $1.30…but I expect higher.
