Pimpy We need them to increase the exchange rate without taking off the zeros.
Frank26 Question: “If the dinar went from $1.00 to $4.81 would it cause confusion in businesses and consumption prices?” Yes. The goal is to reach 1 to 1 status. Once it is, that 1 to 1 stay inside the country… When it leaves outside of the border on a vehicle called Forex the rest of the world will touch the Iraqi dinar by using it, selling it, spending it, investing in it, platform banks with it, that movement of the dinar will allow that 1 to 1 that started in country, but when you went outside you’re maturing, $1.50, $2.00, $2.50. Who determines that value? The outside market. Do you think the outside market is just dying to get their hands on the Iraqi dinar?
MarkZ …I still hear The IQD in the high $4 or almost $5 and $2+ for the VND…
Sandy Ingram For decades Iraq has relied almost entirely on oil sales to support its economy. But now the government is working to create a second source of income by getting involved in the global carbon market…Iraq also plans to raise money through carbon bonds which are investments tied to projects that lower emissions. This shift not only helps Iraq cut pollution…but also attracts new investors and supports long-term financial stability. This is excellent news for Iraq and for IQD investors.
Pimpy It’s really hard if you are holding on to millions and millions of Iraqi dinar and you need some money back for them, don’t try to sell them in groups…eBay…[Online brokers], try to find a bank that will allow you to exchange your currency straight across for dollars at the current exchange rate. There’s no fees. Some airports will allow you to do that. There will be a fee at the airport.
Walkingstick Article: “The currency printed in Iraq is at its lowest level since a year” That’s exactly what we want. When they were collecting the 3 zero notes goal number one was to determine the value of the Iraq dinar. Number two…was to determine the number of notes that have been collected…They are hitting both of these categories hard right now…We believe this is leading to a 1 to 1 at least so it can float internationally…For them to make this report is very good for what we’re looking for.
Clare Article: “The currency printed in Iraq is at its lowest level since a year.” Quote: “Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a year.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Iraq TV Channel One, Central Bank of Iraq revealed the value of the issued currency, ‘printed’ in Iraq currently at its lowest level in a year. FRANK: You’re [the CBI] are distinguishing the 3 zero notes…You’re not talking about the lower notes.
MarkZ [via PDK] From Iraq: “Economic Council: A wide desire from regional and international companies to participate in the Iraq Investment forum” Many countries and companies are showing up in Iraq with hundreds of billions for investment. Iraq is the most attractive place in the middle east to invest.
Bruce [via WiserNow] ...we had a rate at the banks the other day on the dinar that was good. We had a really good rate. It’s not where we’re going to be on the redemption center screens or on the contract rate at the redemption center, but it was still quite handsome of a rate… Dong is supposed to be very good…The dong will be traded at the bank…But I don’t think it’s going to be as high of a rate as it would be at the redemption center, but...It’ll be a very good rate…I’ve been told we will be pleased with those rates.