Mountain Goat
Article quote:
“We hope that the Central Bank will remain steadfast and independent, stand against pressure and rumors, and continue to implement international standards and prudent measures that will improve and stabilize Iraq’s economy and exchange rate.”
Al-Najjar also pointed out…the presence of major corruption within a group of banks and banking companies, which led to smuggle dollars. …there are elements that do not want the currency reform to be completed since the goose with the golden eggs will end. I assure you it will end and end soon! This corruption will not continue…I know much more of what is going on behind the scenes that I am not telling you and can’t tell you. I know this reinstatement process has to continue to the end and is going to move quickly…
Breitling
If you don't believe the Iraqi dinar [note count] is artificially inflated then you don't need to be in this investment because you'll never understand it.
All kinds of evidence from back in the day when they had less oil, less customers and the value was $2.75, $2.25...range. Now they have more customers and they're pumping out more oil and their currency is at a 1/10 of a penny?
You have to understand that. It [the Iraqi dinar note count] is artificially inflated and it's controlled by its money supply - how much dinar is out there.
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