[If I was going to raise the value of the Dinar, how would I get all the excess Dinar to come back to the bank so I would not have to pay out so much money when it revalues? Lower the Dinar value several times, causing people to panic and cash in their Dinar for the dollar. After the massive exchange happened, then RV! Am I thinking wrong, crazy, or brilliant?]
They’re already making the dinar less desirable, heck, Iraqi’s are trading it for dollars at a 10% loss off of face value.
No one really wants the dinar to start with, other than Iraqi’s, but even they want the dollar because they can buy Turkish tomatoes and other imports with it.
It’s just my opinion, but there’s no grand conspiracy to create false illusions about the dinar so they can “pull in as much as possible” before they RV, that’s just something…made up.
The IMF has told them repeatedly they need to remove the exchange restrictions and reduce the MCP to 2% or lower, there’s never been a word whispered about reducing note count etc. until after the dinar revalued, then they were going to reduce the note count from 4 billion notes to around 1 billion notes.
I will say there will be a deeply impactful and profound change when the dinar does increase in value, even if it only goes up to a quarter.
That’s a 25,000% increase in the value, it’s nothing like the small and incremental ups and downs of the USD.
Can you imagine what would happen if the USD suddenly increased in value 25,000% percent?
Think about it this way, even at a quarter, 40,000 dinar will buy you a nice meal in good restaurant in Baghdad, after the raise in value, an Iraqi will be able to buy a Toyota pickup.
That’s a massive difference.
What if that same Iraqi instead takes his 40,000 dinar to Jordan or Kuwait?
Heck, he’s staying in the poshest hotels and eating the finest falafels he can find.
Not only will Iraq feel the increased purchasing power of the dinar, but the whole world will experience it as well…IMO.
