Frank26 (KTFA)
Everything that we read every day has nothing to do with 1310. Does this International global system have anything to do with 1310? No. Does the complete overhaul, change, b***d transfusion of the banking system, the monetary performance system of Iraq, completely changed, do you think they didn’t change the 1310?
They have had a multitude of exchange rates to study and experiment with over the last seven years. They’ve done a great job of it. We call it a second set of books. It as actually more than that. It was called the RV phase, the revaluation of the Iraqi exchange rate to determine what rate they should use. It turns out the rate was pretty high but logic will cause them to come out at a decent rate maybe 1 to 1 or just do the RI right away at $3+. Eventually the float should take it to $4+ IMO.
Question:
“How can they put bonds into circulation without a rate?”
[Reference Guru Frank26 Firefly 2-23-2025 post below]
They’re not in circulation. If someone told you they are, get away from them. They’ve told the citizens they can buy them but they’re not in circulation right now. Why? Would you buy them at 1310? No. Because there is no exchange rate for it yet.
