Article: “DELETE ZEROS AND EVALUATE THE DINAR“ this...new article...by Ali Daadoush, the Iraqi economists... is concentrating on the revaluation part giving examples of countries that recently revalued and how it worked.
The part that sparked my interest the most was...quote: “After the revaluation, it was linked to a basket of global currencies.”
He was referring to the Chinese government Yuan and its revaluation of its currency in 2005, which was then linked to the US dollar prior to the revaluation.
However, after the revaluation, it was linked to a basket of global currencies...I believe he is telling the citizens of Iraq that this also is what will occur to the IQD when it too revalues soon.
Economist: Big capitals benefit from the continued rise of the dollar in Iraq
Economic expert Safwan Qusay continued confirmed today, Wednesday, that there are big heads benefiting from the economic chaos and the rise of the dollar in Iraq.
Qusay said in an interview with Al-Maalouma Agency, “There are speculators and local mafias trying to obstruct economic organization and thwart the government's attempt to control the state's resources.”
He added, "The government can strike these mafias with the force of law by directing the supervisory and security agencies against the violators and their continued presence under multiple fronts."
He pointed out that "there are those who manipulate the local dollar markets, and the regulatory bodies must be able to control the big heads that benefit from the continued economic chaos, not the arms."link
...we did hear a few days ago - guess it was over the weekend...that it was very likely that we would get started this week, and that was really good news...
So that's what we've been waiting for...This is the information we've been looking to receive. Very excited about it.
Al-Ghais: Oil and gas are God’s gift and the world must invest in energy sources without exception
The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, stressed on Wednesday that the world must adopt all energy sources without exception.
Al-Ghais said at the United Nations Climate Change Conference (COP29) that crude oil and natural gas are “a gift from God,” and that talks on limiting global warming should focus on reducing emissions, not choosing energy sources.
His comments were in line with the opening speech of Azerbaijani President Ilham Aliyev, who responded to Western criticism of his country's oil and gas industry, also describing these resources as a "gift from God."
"They are actually a gift from God," Al-Ghais, a veteran Kuwaiti oil executive, said in a speech at the conference hosted by Baku, Azerbaijan.
“These resources affect how food is produced, packaged and transported, how medical research is conducted and how medical supplies are manufactured and distributed. I could go on and on with an endless number of examples,” he added.
He pointed out that the world's governments, which set a ceiling for the rise in global temperature during the Paris summit in 2015 of no more than 1.5 degrees Celsius compared to the pre-industrial revolution level, can achieve their climate goals without shifting away from oil.
Al-Ghais continued, "The Paris Agreement focuses on reducing emissions, not on choosing energy sources."
OPEC said technologies such as carbon capture could address the climate change impacts of burning fossil fuels link
Ok guys. I asked a friend back channel for confirmation and he said this...
In regards to cashing in your IQD AFTER the RV happens, you will simply ask them a question...
"I have some foreign currency left over from a vacation. What branch can I go to, in order to exchange that in person?"
And wherever they tell you to go, that is "most likely" where you will go to cash out.
I say most likely because... some banks, like TRUIST for example, only deal in a handful of foreign currencies or none at all. That is why I suggest that you look into the list of banks on this article.
https://businessinsider.com/personal-finance/banking/banks-that-exchange-foreign-currency
