When Kuwait reinstated their dinar to its pre-war peg of over $3.00 it wasn’t an arbitrary decision. It was backed by immense oil reserves and guaranteed by billions of dollars incoming international partnerships. Guess what? Iraq is signing multi-billion dollar partnerships …For those of us holding Iraq dinar, the 1991 precedent of what Kuwait did is the ultimate proof of concept. The structural setup for a massive dinar revaluation mirrors Kuwait’s journey in several profound ways…The first one is asset-backed sovereignty. Just like Kuwait in 1991, Iraq sits on some of the largest proven oil and natural gas reserves on the planet. A currency’s true value reflects its resources wealth and the current artificially suppressed rate of the dinar does not match Iraq’s massive economic weight. We all know…Iraq as a program rate of 1310 dinar per US dollar and it’s been controlled for 23 years. I think they’re slated for a massive change of that rate which is what we are all waiting for… [Post 2 of 2]
