Walkingstick
Whether they float or not doesn't matter because at the onset they could if they wanted to come out with a very high exchange rate. But instead they will float because inside of the float they can control the rate with caps...For example they could come out at maybe $3 or $4 right away with controlled caps either way [Iraqi citizens] win and you and I win.
There is an explanation being given to all the people involved in the economic reform by Sudani and Alaq. In this explanation phase the information on the new lower notes and the information on the new exchange rate will be disclosed...
There will now be a slew of press conferences with all of the GOI, Kurdistan Barzani people, the CBI, the [CBI] board of directors, everyone of them standing, planning and supporting the reforms of Sudani...
The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in.
Phosphates...sulfur...diamonds...gold...silver...oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally.
You cannot have any restriction on your currency if you belong to the SAP. You cannot be on a program rate. A program rate is a restricted currency is it not? Sure it is...This is a very advanced system...The SAP has the same qualifications as the WTO.
In fact SAP is part of the WTO...The restriction on currencies that the WTO says you cannot have is the same restrictions that SAP says...They run the same program systems.
The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq.
https://dinarevaluation.blogspot.com/2024/05/rv-update-by-walkingstick-8-may.html
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