STATUS OF THE RV , PART. 2
I find it very difficult to see how grown-up adults could analyze the exact same article and come up with just the opposite information. Do any of these intel gurus out there really know what the hell they are talking about?
Again, this is why the Iraqi dinar needs to get off the sole de facto peg to the US dollar. Also get off the petro-dollar. They need to get off the Obama/Biden policy towards Iraq which is still a “sanctioned-like” driven foreign policy. As we all know Iraq has been out of Chapter VII sanctions since Dec 2022. I know I keep harping on these FACTS but it is important to see and understand just what is really happening in Iraq and what has to change.
They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil. Why these swings in the dinar rate? These swings are cause by two things:
1.Because Iraq is still forced to sell oil in US dollars only;
2.The Iraqi dinar is still solely pegged to the US dollar.
They do not and should not have to build up the economy first with non-oil revenues to combat this peg and reliance on the dollar, as this is what they are doing now. I tell you the value of the Iraqi dinar is already there and its there in the mere fact that they have large quantities of oil reserves, can bring it to market along with the other products. They have willing and able customers. It may not mean $70 a barrel, but even at for instance, $35 a barrel along with the gold stockpiles and the monetary CBI reserves, the assets can the dinar rate far greater than 1/6 of a penny for a dinar. Hey, I thought they were now moving to “asset” based currency values? So where is this effort when it comer to the Iraq?
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