Saturday, August 31, 2024

"IF THE DINAR EXCHANGE RATE IS EVER TO RISE IN VALUE.." BY ENORRSTE, 31 AUGUST

 Enorrste  

 If the dinar exchange rate is ever to rise in value, it will be based on the economic success and growth of Iraq's own economy.

 There are no shortcuts.

---

Enorrste

They already have 132 tons of gold.  Now they’re coming in with another 50 tons per year.   They’re planning on making this the strongest currency in the world.  There’s no question in my mind.  They already have the strongest currency in the world because they’ve got 110 billion in cash in reserves…they’re over 100% coverage of their full money supply.  No other country has that strong of a currency…  they’re not messing around.   They want to have the strongest currency in the world. 

https://dinarevaluation.blogspot.com/2023/08/dinarland-update-from-dinarchronicles-8.html

---

Enorrste

Opening a dinar denominated checking or banking account at Chase for instance as a possibility.  If it’s denominated in dinar and the dinar goes up, then you’re already home free, convert dollars right to your bank.  You get rid of that whole problem of taking 10 million dinar down to downtown Los Angeles and going up 15 stories into some building and hoping you don’t get rousted before you get there.

https://dinarevaluation.blogspot.com/2023/07/dinarland-update-31-july.html 

---


No comments:

Post a Comment

Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT

  The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, w...