🇮🇶💵 IRAQ CONTINUES TO SEND SIGNALS THAT ITS DINAR REALLY MATTERS 🚀🔥
We should not lose sight of these news reports coming out of Iraq, because they say a lot about what truly matters to them today… 👀
When they talk about:
🏦 protecting reserves,
🪙 maintaining monetary cover,
📈 avoiding inflation,
💵 defending the dinar,
and preserving financial stability…
…that clearly tells me they do NOT want their currency falling apart. ❌
They want a STABLE dinar… and ultimately a STRONG dinar. 💪💵
A country that did not believe in its currency:
❌ would not accumulate over $90 BILLION in reserves
❌ would not buy tons of gold
❌ would not care about monetary backing
❌ and would not constantly discuss exchange rate stability
And even though they may not openly say it often… the fact that behind the scenes they are reportedly considering pairing the dinar 1:1 with the USD 💵 tells me they are not satisfied with the current value of their currency either.
🇮🇶 The Iraqi people are proud of their resources, their oil, and their monetary sovereignty.
This is a matter of time, folks… ⏳
Patience. 👏🔥
Follow & Join Our Community
📌 BLOG: https://dinarevaluation.blogspot.com/
📌 TELEGRAM: https://t.me/DINAREVALUATION
📌 X (TWITTER): https://x.com/DinarWatchTeam
📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social
#Iraq #IQD #Dinar #IraqiDinar #Forex #MiddleEast #Banking #Gold #CentralBank #Dedollarization #Investment #EconomicReform #DinarCommunity #FinancialFreedom #IraqNews 🇮🇶💵🚀
-----
THE IRAQI DINAR IS UNDER PRESSURE FROM THE FINANCIAL CRISIS AND FEARS OF DECLINING MONETARY COVER
Warnings are increasing about the repercussions of the financial crisis on the stability of the Iraqi dinar, with growing talk about the possibility of using part of the cash reserve to cover government expenses.
Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the cash reserves of the Central Bank of Iraq, given the existence of an amount exceeding $90 billion, while warning at the same time of the occurrence of inflation within Iraq.
(So, like I said in a previous Newsletter they have not yet tied into the reserves to help pay salaries. Those darn salaries (monthly lump sum to Kurdistan for its share of oil revenues).
Qusay said that “the Central Bank of Iraq’s reserves amount to $90 billion in addition to 170 tons of gold, and if borrowing from these reserves is relied upon, it is possible to continue with financial flexibility up to $60 billion.”
(The IMF says Iraq has only 5 months and then their reserves are sown to critical levels. This article also tells us the gold is in addition to the cash reserves in US dollars unlike many of these intel gurus are telling you its all included in the $90 billion.)
He added that “the $60 billion represents the value of the issued Iraqi dinar, but the dinar’s value falling below the aforementioned financial cover means allowing inflation to occur domestically.”
He explained that “the possibility of resorting to borrowing from the central bank’s reserves, or the occurrence of the aforementioned inflation, may happen six months after this May, as the government can secure salaries for this period of time.”