Newshound Guru Kaperoni
It was discovered many years ago that there will never be an RV of the Iraqi dinar or the term “reinstatement.” These are fictional terms and will not occur. It is important to understand this, as there will not be a single RV or overnight RV or reinstatement of the Iraqi dinar. The Iraqi dinar is not a lottery ticket. If the dinar’s value is ever going to rise, it will happen gradually as a result of the success and growth of Iraq’s economy.
Newshound Guru Breitling
Currently, the situation in Iraq is uncertain, and they are uncertain about their next steps. However, this does not mean they cannot improve their currency’s value and add worth in the future. It is possible for them to do so, and they may succeed. They might maintain the existing exchange rate. However, the ongoing conflict between Israel and Hamas, as well as the reactions of Iran and Saudi Arabia, have left them unsure about their actions. Therefore, they may hesitate to make any significant moves. Despite this uncertainty, I am not planning to withdraw my investments.
Newshound Guru Pimpy
According to what we have heard, the beginning of 2024 may be significant. However, we cannot be sure until it actually happens. It has been reported that Iraq will no longer use the US dollar within the country. This will likely result in a decrease in demand for US dollars, although it will not eliminate the need for smuggling US dollars into other countries. Additionally, the change is expected to increase the demand for Iraqi dinars.good.
Intel Guru Frank26
[Iraq boots-on-the-ground report] FIREFLY: There have been numerous contract announcements lately, and it seems like they are coming in at a very fast pace. However, it is not feasible to sign them all at once. When Frank was asked if he believed that the contracts were being signed at a program rate, he denied it, stating that these are tell-tale signs of monetary reform and also a part of the learning process.
Newshound/Intel Guru Mnt Goat
Article: “THE HIGHEST CURRENCY RESERVE IN THE HISTORY OF IRAQ” Quote: According to the Advisor to the Prime Minister for Financial Affairs, as of November 14, 2023, Iraq has the highest foreign currency reserves in its financial history. This achievement marks the beginning of price stability in the exchange market, which is a positive development for the country.
Intel Guru MarkZ
[via PDK] A friend shared a banking anecdote with me, about his local bank. He had advised the teller that investing in currencies was not a wise decision. However, the teller asked him the next day if he still had those currencies, as they were apparently going to be exchanged soon.