3-14-2022 Newshound Guru MilitiaMan At some point Iraq may be in the AMF basket of currencies (Arab Monetary Fund)…the AMFs way of calculating the exchange rate…shows me that there is a strong probability that the IQD will be strong in pricing going forward. The fact they have massive oil deposits, massive Sulphur deposits, massive of revenues to come from customs, fees, taxes, tariffs, tourism, etc., will support the valuation the IQD far better today, then the past 10-15 years…
3-14-2022 Newshound Guru Pimpy Community Sentiment: “It was so easy to devalue, why can’t they just revalue?” It’s not ‘revaluing’ we’re looking for. I think what everybody’s really wanting is the reinstatement of the old rate of $3.22. There’s a difference between a revaluation and a reinstatement…I’d rather them take their time and do it 100% the right way so that it doesn’t fall back down…
3-14-2022 Newshound Guru Breitling It’s always about what markets are they [Iraq] going to be involved with. Always. Once they add value to the Iraqi dinar how can they participate in those markets? Who’s going to be able to accept it? That’s why you’re watching Iraq go through all these banking laws – setting it up so it complies with the west…they’re restricted on what they can buy…They’re still going to sell oil in U.S. dollars but they’re going to back their own currency up with U.S. dollars and their currency will be unrestricted.
3-13-2022 Newshound Guru Pimpy I still think it’s going to be in increments. There’s a part of me that still feels like there is going to be a change to the rate in this budget. A small one, not major. I think they’re going to go back to the original. I’d like to see better but Iraq has come a long way over the…last year and a half especially…Don’t give up hope… Newbies you didn’t have to go through the emotional rollercoaster…
3-13-2022 Newshound Guru MilitiaMan Article: “Al-Sadr outlines the formation of the new Iraqi government”. There is the fire under his behind.. Sadr is all for getting the ball rolling with the GOI and the Exchange Rate.
3-13-2022 Newshound Guru Kaperoni [People think] Iraq is going to RV when they pass the 2022 budget. LOL. The only talk is to bring it back to what it was 12 months ago but that depends on the growth and success with their own economy.
3-13-2022 Intel Guru Frank26 Everyone in the public arena of Iraq wants to jump on the ‘I am the hero’ train. That’s the problem with parliament and everybody wants to toot their horns. Whens the last time you’ve seen Sadr come out and say we need a new exchange rate and tell the citizens of Iraq that with his political and religious power he can bring this forth? Just a few weeks ago.
3-13-2022 Newshound Guru Pimpy What is the probability that this [reinstatement] will happen? It’s not very high because of all the different factors that feed into the reinstatement of the Iraqi dinar. But as far as the revaluing, if they could just stay out of trouble and continue to move forward like they have been and start rebuilding that country and focusing on the people there’s great hope that you’ll see an RV happen more than one time and eventually it’ll get up there to where we would like it to be that’s for sure.
3-13-2022 Newshound Guru Clare Article: “A statement from the Finance regarding raising the value of the Iraqi dinar” Quote: “…on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar.”
3-13-2022 Newshound Guru Samson Article: “What Is Required From The Federal General Budget For 2022″ Quote: “In previous budgets, all budgets were item budgets, completely copying the ones that preceded them, with one thing changing, which is the price of a barrel, which will be the basis for calculating the volume of spending and the deficit and therefore the amount of money that is borrowed. Except last year, the budget included something else, which is the exchange rate of the US dollar against Iraqi dinar.”
3-13-2022 Intel Guru MarkZ [via PDK] [After they change their rate. How long after do we go?] I hear we are immediate…right after they change the rate.