Frank26
Community Comment: "I Remember you stated a long time ago that the float will be quick."
Yeah, IMO the hunger for the Iraqi dinar is great and the investors are almost endless. I believe when it floats it'll be like getting gunpowder on fire. It'll move fast...Within 3 months you're going to see a significant change. Within 6 months it may be done. I hope that within a year they'll cap it...IMO $3.86 to $4.25.
The CBI desperately wants these three zero notes back...If you exchange your dinars at an American bank those dinars go to our federal reserves and boy we will capitalize on it because it'll be a different rate but if we go to a private [Iraqi] bank those dinars go to the CBI. That's what the CBI wants so badly. Wait till you find out how many banks they got! They're smart. They're covering all their bases.
Article: "Sudanese directs to hold an extraordinary session next Sunday to discuss the 2024 budget schedules"
AN EXTRAORDINARY SESSION... FOR AN EXTRAORDINARY ANNOUNCEMENT!
Article: "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?" Floating the dinar, oh my goodness, they are talking to the Iraqi citizens about the monetary reform...Floating the dinar is what they're going to do...
Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off. I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.
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