Not necessarily true.
The dinar is pegged to the dollar, and is supported by foreign currency reserves which are US dollars held by the Iraqi Central Bank.
If the dollar collapses, that means the value of the dollars they hold to back the dinar collapse.
Iraq would need to un-peg from the dollar and peg to the Euro (or their currency of choice) and then also convert their foreign currency reserves into that currency to really gain from a collapse of the dollar.
On the other hand… as the dollar goes down, Oil goes up, so Iraq would be getting more dollars. They could add those to the currency reserves to back the dinar, but the extra dollars would probably be needed to fund shortfalls in the budget due to the declining value of the dollar. So that sounds more like a break even event.
I also find it funny that Ali saying one thing to people like your… all the while he’s working behind the scenes with pumpers on different dinar boards helping to spread these $3 rv every week rumors. I know that for a fact.
There’s also a former contributor to this board that can attest to Ali being involved with the rumors going out on dinar boards. Not sure how much he’s willing to share though.
