kaperoni

[Response to Guru Breitling’s post 8-20-2023 below]  …There won’t be a float of the Iraqi dinar. LOL. Wrong!  A float is what they will do, but not until they diversify their […]

 Iraq is very close to joining the WTO. Wrong. There are often articles about joining, but until they diversify their economy so they have products to export,  there is no reason […]

I remind people once again, Iraq could never afford a significant RV of the Iraqi dinar. It would cause chaos in the country and would bankrupt them immediately. There’s over […]

…Claims the dinar is at a program rate. There’s no such thing as a program rate, the exchange rate of dinar is the rate of the dinar! …Iraq won’t trade […]

…Claims the dinar is at a program rate. There’s no such thing as a program rate, the exchange rate of dinar is the rate of the dinar! …Iraq won’t trade […]

Iraq made a decision some years ago that they want to raise the exchange rate based on the economic success of the country. This is the only way Iraq could […]

…Issuing one’s, fives tens, twenty notes. There will be no issuing of any smaller denominations until they develop a private sector economy, improve the countries GDP, reduce the money supply […]

Guru Pimpy thinks the reason why they haven’t raised the dinar is because the US has put sanctions on Iraq…Individual bank sanctions are compliance issues and have nothing to do […]

We’d always talked about…how we would exchange our dinar.  We talked about a facilitator or creating a dinar denominated account and watching it rise in value.  It may end up […]

A lot of gurus have talked about going to Well Fargo and things like that.  I’ve always felt that would never happen because a lot of the local banks or […]

…When they mention delete the zeros.  They are talking about a redenomination/LOP.  Not what we want.

Guru Jeff says the budget and a rate change are linked together.  Want to bet?   They will begin to implement the budget for the next three years and there will […]

  Community Comment   “…The Reinstatement is unfolding in the most appropriate way possible. There are many different forces at play and there are reasons why the RV is happening the way […]

  Article quote:  “The government will implement  reform to strengthen the anti-money laundering combating the financing of terrorism that will contribute to improve the integration of the domestic Financial system […]

  Article quote:  “The government will implement  reform to strengthen the anti-money laundering combating the financing of terrorism that will contribute to improve the integration of the domestic Financial system […]

An exchange rate is a reaction to growth of an economy, not the other way around.

World Trade Organization – If you’re going to buy and sell or import or export merchandise around the world you have to trade in your currency.  That can’t happen unless […]

  Until Iraq diversifies their economy, gets away from oil dependence,  becomes an exporting country, nothing is going to happen with the dinar. But they now have a 3-year window to […]

  Until Iraq diversifies their economy, gets away from oil dependence,  becomes an exporting country, nothing is going to happen with the dinar. But they now have a 3-year window to […]

Can the Iraqi dinar go up in value? Of course it can but it will never go up significantly overnight. If they decide to raise it, it will go up gradually […]

According to docs, I will tell you Iraq ‘s net worth including all minerals, oil in the ground is around $16 trillion dollars. With over 80 trillion dinar in circulation, there […]

Creating such a private sector will allow them to not only begin to diversify away from oil and create their own manufacturing, tourism, agriculture, etc.  They can begin to export […]

Creating such a private sector will allow them to not only begin to diversify away from oil and create their own manufacturing, tourism, agriculture, etc.  They can begin to export […]

In order for the dinar to go up in value several things must be done first. They must pass over a 100 stalled laws that affect their economy. These laws have […]

 They need to start implementing.  They need to launch all of these plans.  They need to…make changes to laws that are still outstanding that relate to the direct economy and growth […]

Question:  “US [IQD] paper holders should be able to exchange in the US for US$ at some point in the future?”  The dinar is a currency of a country therefore […]

You’ve got a brand new 30 to 50 story Central Bank building that’s going to be state of the art and you’re going to be represented amongst the world as […]

The truth is, we are months if not years away from seeing the dinar rise in value via float. Before that happens, they must implement laws to create a suitable […]

[Follow up to yesterday’s Kaperoni community comment post below – 1300 IQD to $1 USD vs. 1 Jordanian dinar to $1.41 USD]  Also want to remind you that Iraq has […]

Community Comment “It’s interesting when u compare Iraq with Jordan’s economy. Pretty similar stats, I’d say Iraq is better with lower unemployment, higher average income. and over 4 times higher […]