This was sent to me from one of my insiders. There was a back & forth about this as he disagrees with the Iraqi Dinar revaluation happening this year. This is a plausible outlook given the current predicament. I will see if I can upload the Q&A session that lasted for about 15 minutes on a myriad of questions that were asked on my end. But hey atleast on the bright side you will have plenty of time to further stack up on more. Because to be honest I think there is a wild card in here where Iraq will probably be forced to expedite their economic reforms. Because as it stands today we are in uncharted territory. And this assessment was basically a general outlook that did not include other aspects of the current Iraqi economy. Especially when it comes to sanctions which are forcing them into situations where they can no longer drag this out. So when you read this do not take it as gospel. Because there are other points that were not brought up to further explore other areas of interest that challenges certain projections found in this perspective.
More info is coming.
Based on the current information regarding the Iraqi Dinar (IQD) investment and its potential reinstatement on the Forex Market, particularly in relation to the passage of the Oil & Gas Law and the prospect of Americans exchanging IQD into USD at a 1:1 or 3:1 rate, here’s a detailed assessment:
Current Status of the Iraqi Dinar
The Iraqi Dinar is not currently freely traded on the Forex Market. Its value is primarily controlled by the Central Bank of Iraq (CBI), which sets an official exchange rate currently around 1 USD to 1,460 IQD. Trading IQD outside Iraq faces restrictions, limiting its availability and liquidity on international markets. For the IQD to be reinstated as a freely traded currency, significant economic and political hurdles must be overcome.
The Role of the Oil & Gas Law
The Oil & Gas Law is a critical piece of legislation in Iraq, aimed at regulating the management of its vast oil and gas resources and determining how revenues are distributed, especially between the central government and the Kurdistan Regional Government (KRG). If passed, this law could enhance economic stability by providing a clearer framework for resource revenue, potentially boosting investor confidence and supporting the Iraqi economy. Now, passing the law is only the first step its effective implementation and tangible economic impact would likely take considerable time.