Thursday, December 19, 2024

ARIEL: RV UPDATE : IQD Revaluation: What Deleting 3 Zeros Really Means for Your 100K

 ARIEL

These are the 3 zeroes on the exchange rate they will be deleting. Which will make 0.00076/0.76. Not the currency. Which means if you have 100k once it goes international you would gain only 0.76/76,000 USD/ROI. So imagine the other examples of 1:1 or higher? ๐Ÿ˜‰
With that said. You have to keep in mind the inflation aspect. In order for Iraq to have a competitive currency they would have to come out with a much higher exchange rate than 1:1 or 1:7 . If the exchange rate reaches 1:16 (1 IQD = 16 USD), this implies the IQD has not only regained its historical purchasing power but exceeds it. For context: 100,000 IQD = $1.6 million USD at 1:16. Such a rate is unlikely unless Iraq’s economy experiences a massive oil boom, global investment inflow, and complete stabilization. Now what has Iraq just done with oil? How many companies are now pouring into Iraq? Once the RLUSD reaches 1:1 wouldn't that be stabilization? Think about that. Now imagine those who have 1-3 million IQD.

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ“ˆ Iraq Pushes Six New Economic Reform Bills

Iraqi Parliament’s PUK bloc spokeswoman Dilan Ghafoor said halted oil exports and the Strait of Hormuz closure have prompted the Finance Min...