Terrence
[Central Bank/International Bank Regulator]
I got into the Iraqi dinar only in 2024...What I saw prior to getting into the dinar was the case for why I think the Iraqi dinar is really on the precipice of being able to revalue very soon.
QUESTION: "What made you say okay this is something ...that has potential?
Rafidain bank...I regulated them around 2017/2018. What I found was a bank that was dilapidated... It was almost like going back to prehistoric times...a general ledger system which was literally a notebook where debits and credits were entered...I had firsthand knowledge of...what dilapidated bank the central bank was in as well.
Fast forward to now, there's been all kinds of great, incredible reforms that have been taking place in Iraq, particularly the banking system. Back in 2024 someone approached me about what would the central bank need to do in order to become compliant.
I assembled this knowledge for him. He was trying to bid for a due diligence contract to identify the gaps that were in the CBI's governance framework which will be used to bring the banking system into compliance...
He told me the United States Treasury had given the Central Bank of Iraq a mandate to get your house in order...From what I understood, this was real...Once I started looking at what they were trying to build out and then also looking at the natural resources in the country...
If you look at the valuation of the minerals that are in the ground, then the asset value, the price of the Iraqi dinar just doesn't make any sense at all. It's drastically undervalued.
But with the banking system being reformed, first you lay the pipes, you learn the rail, then you turn on the water. What I saw happening is all that groundwork, the rails and piping were being put in place. Once that's there it's just a decision when to turn on the spigot. That's what I saw happening...which I think makes the use case for revaluation hopefully in the near future.
🔗📢 FOLLOW & JOIN OUR COMMUNITY
📌 TELEGRAM: https://t.me/DINAREVALUATION
📌 X (TWITTER): https://x.com/DinarWatchTeam
📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social
📌 YOUTUBE: https://www.youtube.com/@DINARREVALUATION