Frank26
Question: "Will there be a short time frame that the Iraqi citizens are informed of the rate change and able to benefit before the rest of the world finds out or do you feel we will all know when they know?" We'll all know at the same time...
But a dinar is a dinar inside of Iraq. It will not be affected by the external exchange rate as it grows it stays at whatever exchange rate they release it at internally. Will citizens become rich? No, I wouldn't say they're going to be rich but they're going to have a lot more purchasing power...
[Iraq boots-on-the-ground report]
FIREFLY: On television they are showing Sudani again in Kurdistan...they are still having talks with the WTO...That caught us by surprise...
They are saying from the WTO that they are doing the final edits to conclude the post ascension of Iraq into the WTO... FRANK: You got shoulder to shoulder. There are no problems! ...The WTO is not in Baghdad anymore, they're in Kurdistan... Wow, this is getting serious! FIREFLY: They are telling us they will be included in it because of what they have done with the monetary reform...
Question: "What do you think the rate will be?" IMO a reinstatement of $3.22 to a cap of about $4.25.
When Sudani went over to the United States Treasury at the the UN...they told him to do a couple more things. He said fine I'll do it.
He went back he did it in less than 24 hours because it was simple. But the purpose for him going there was to deliver the new exchange rate that they are going to release.
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