AJ: I decided to put the Q&A in groups. Here's group 1, 1 APRIL

 AJ: I decided to put the Q&A in groups. Here's group 1

IQD/Dinar Q&A Mes...

@lineman4340

I can’t believe there hasn’t been more questions about the exchange rate. I know only a few know the rate, if any at all. I guess I wouldn’t dare ask what your thought are on this. Hey Mes I was surprised too! Only the Central Bank of Iraq (CBI) knows the revaluation rate, so we’ll have to wait for their official announcement. If someone claims to know the rate, they’re just guessing. Think about it, how would they actually know? ---- "I’m sure most people would turn in their currencies fairly quickly but do you have an idea of the time they give people to turn them in? Thank you!"Mtgeresa (

@mtgeresa403

Great question! If the Iraqi Dinar (IQD) revalues (RV), the timeline for exchanging it would depend on the Iraqi CBI policy. Historically, currency revaluations or redenominations maybe 30 to 90 days to 12-18 months, to ensure smooth transitions an black-market issues. I’d monitor official statements from the Central Bank of Iraq for updates, they will give guidance on this. --- "We've been experiencing a lot of hype surrounding speculation posts of IQD on this platform. What are some credible sources and indicators of the Iraqi government's official actions and statements put out in terms of RV?"DrewWilliams (

@drewdogftw

I hear you, there’s a lot of noise around the IQD RV, and it’s smart to focus on credible info. I’d recommend sticking to official channels: the Central Bank of Iraq (CBI) website for announcements, Iraq News for reliable reporting, and statements from Iraqi Prime al-Sudani or the Ministry of Finance. Key indicators to watch include CBI exchange rate policies, Avoid social media hype or clickbaiters unverified claims that are silly and they do not know when it will RV LOL. That is a very guarded secret -stick to primary sources for the real story. ---- "AJ Appreciate the Q&A. When one has a foreign currency and it revalues, instead og going the traditional route. How does one find a broker, that may allow a better rate vs banks or others. Be Blessed!"David R (

@David55SWFL

Thank you for the kind words! When a foreign currency like the Iraqi Dinar (IQD) revalues, the rate will be set by the Central Bank of Iraq (CBI). This will differ from past RVs where countries issued lower denomination notes, as the CBI is introducing a digital dinar, a central bank digital currency (CBDC), that doesn’t trade on the forex market. They’ll likely set a fixed rate, which is a new twist not seen before, so you can’t gauge how the IQD will roll this out by looking at historical examples. As for banks, the exchange spread will depend on the amount you hold, typically 1-3% or none, and you’ll be able to shop around for the best rate. The idea that people will be left behind is just silly fear-mongering and clickbait. You'll be fine. ----- Vince Gallo (

@vince_gallo

"Is there an entity that does not want the regular everyday people to benefit from the rv? If so, who do you think they are?" Hey

@vince_gallo

Interesting perspective! I’m not saying it’s a conspiracy, but economic stability often favors established players IMF World Bank BIS. I Focus on credible data from the CBI and Iraq News to cut through speculation. ---- John Romero (

@RVsupercruser

"How about we do an anonymous survey on how much we are holding in IDQ. If that possible." Hey John I’d caution everyone to keep personal financial details private on SM platforms. John Romero (

@RVsupercruser

"What is the best way to prepare to exchange our IDQ currency? What financial institution should we use?" Preparing to exchange IQD monitor official announcements from the Central Bank of Iraq (CBI) for any RV confirmation, as I mentioned earlier. For exchanging, a Tier1 bank that exchanges currency onsite. DO NOT have it sent out to verify the authenticity of your dinar notes! ---- Mark Laschinski (

@markdaterrible

"What logic is there to ever need to RV?" Hey

@markdaterrible

A currency revaluation (RV) like the Iraqi Dinar’s could make sense for a few reasons. Iraq’s economy relies heavily on oil, and after decades of instability (wars, sanctions), the dinar’s value has been low, around 1,300 IQD to $1 USD as of recent. An RV could restore confidence in the currency, reduce transaction costs for international trade, and align it with economic growth if oil revenues stabilize -turkey pipelie. It could also combat inflation an black-market currency issues. I’d watch for official policies from the CBI, not speculation. "One more. Seems like a lot of people go all in on risky bets. What percentage ~ of ur net worth excluding homes do u have invested in iqd ?" My Reply: Hey

@markdaterrible

I totally get the concern about risky bets, I don’t disclose personal investment percentages publicly, but I can say I approach the IQD like any other speculative asset: cautiously. I wouldn’t recommend going “all in” on any single currency, especially one with uncertainty, it’d be a small portion of your net worth—3% -5% - 10%, depending on your risk tolerance and diversification strategy. I’d focus on a balanced portfolio across stocks, Bonds, crypto, and commodities, as I’ve discussed in the past. Always diversify and do your own research!