[via PDK] [Reference Mnt Goat post 2-26-2025] This is a very solid statement. Mountain Goat nailed it. This is also exactly what happened when Kuwait Revalued. Iraq has already named the basket of currencies to back the dinar. And the gold backed I-dinar will back it along with the basket of currencies.
Above mentioned Post is below
Mnt Goat This process has to change and the dinar has to get off this sole de facto peg to the U.S. dollar. This is the solution! That is the only way out of this mess in Iraq. They must go to a “basket of currencies” of developed countries as the IMF and the World Bank recommended for Iraq way back in 2011. In 2012-2013, the then director of the CBI, Dr Shabibi was going to revert to this basket of currencies which would have allowed the dinar to be reinstated. Of course, his plan was first going to conduct the Project to Delete the Zeros.
