IQD WILL BE $1.32 INSTEAD OF $1,320 PER USD DISCUSSION
MZ: What I would really like to share with you is from this morning: “ Iraq’s ruling coalition may call for early elections” The Iranian lined up divisions seem to be afraid of Sudani. But he has about a 78 percent approval rating from the people and has gotten a lot done.
MZ: But this statement is what they fear the most right now ” The Iraqi government is currently weighing the question to change the currency so that the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.” Implementing such a decision is likely to significantly increase Al Sudani’s popularity.
MZ: What does this mean? It means they don’t need the zeros anymore. This means that each Iraqi dinar would be worth .76 cents. This was right from Iraq’s own paper. And they are “currently weighing this question”
Member: If Sudani does this- he would be our hero for sure. Price would float up from there imo.
Member: If Iraq is discussing a rate in the news. It’s already done!
MZ: I agree.
MZ: I still very much believe we will see a higher rate than that …but let’s say each dinar is worth .76 cents. They may be coming in at .76 and letting it float. We don’t know for sure. But to see it openly discussed in their news is huge.
Member: At a rate of .76 – then each 25,000 note of dinar would be worth $19,000 USD. Exchanging one note is enough to help many of us immensely while we wait for it to float higher.
MZ: Roughly each one million in Iraqi dinar would be worth $760,000.00 USD the moment they decide to do that. And they are openly weighing that rate. This may be a huge “tell” for us.
Member: this is an excellent sign they are floating that rate in public papers
Member: For sure the Dinar would be quite higher by the end of the day in open trading!!!!!!
Member: Would be a lot more than we have now for sure. Many lives and homes could be saved.
Member: Either way it goes it will be a blessing and more than we have today. best part will be when we get rid of the circus we have going on.
MZ: I believe they could be “prepping the market” If this is the worst case scenario we would be in good shape. Imo
Member: I don’t think Iraq could fix their entire country on a rate of .76 cents?
MZ: I still believe it will be higher. But we will see. They just gave us what I consider the “worst case scenario” and I feel good about it. ....
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