Iraqi Dinar Discussion Board

[Sunnybank]

8-14-2016 Newshound Guru mike [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value... Reference Guru Kaperoni post 8-13-2016 ] I'm hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we're hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 - $1 to something less than 1205 - $1 and the dinar's in Article VIII, right? ...I don't see a way for the dinar to rise unless it's internationally recognized, other countries have to trust it before they'll accept it, right? Without the ability to purchase imports with the dinar, I don't see how they can get the value to .10, they'll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there? For sure, we're going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here's hoping they do it.


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