Monday, April 15, 2024

"RV UPDATE" BY PIMPY, 15 APRIL

 Pimpy  

The more they get their sovereignty back, they're already on the Swift system, they're working their way through the World Trade Organization, it's just a matter of time before they remove all restrictions and we can start buying them [Iraqi dinars] through the banks again...

My gut feeling is they're going to re-denominate and then change the exchange rate right after that to where it should be, somewhere around $3 and something cents per dinar .  I've got 5 million.  If it goes to $3 and something, I made $15,000.  I'm a happy camper with that. 

 It's better than not having anything.  I understand for a lot of you you're like, 'No. No. NO. that's not good because that's not what I had in mind.'  And I'm sorry but you're asking me my opinion.  That is my opinion.  They will re-denominate the currency, LOP off the zeros - your 25,000 dinar will become 25 and then they'll reinstate the old rate...

No comments:

Post a Comment

Iraq Announces Great Strides In Digital Transformation, 26 DEC

  Iraq Announces Great Strides In Digital Transformation Money and business     Economy News – Baghdad  The Ministry of Finance announced to...