The bankers in Iraq are worried about the decreasing value of the Iraqi Dinar. They are holding onto the US dollar because they fear they will lose money as the Iraqi dinar decreases in value. Leaving the poor Iraqi to absorb the loss.
Dinar reissues slightly and some bankers are reluctant to sell the dollar
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Iraqi Dinar Market Rate Increased Says Iraq Banker The bankers in Iraq are worried about the decreasing value of the Iraqi Dinar. They are holding onto the
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Yeah some banks don’t want to get off the dollar smart card system. They feel safe in the dollar and not dinars. They don’t know what’s about to hit the gazette in this budget though. It’s a revalue. China made it happen with its US treasuries.
Nathan Weller
February 3, 2015 at 10:52 am
Your talking about history. These guys are worried about the future price of $1.13 dinar not 1250. Come on man.
Nathan Weller
February 3, 2015 at 10:58 am
Why do you think $56 is the oil rate in the budget? It’s because that’s the Chinese contract rate. Iraq used the US treasuries to purchase SDR’s which also cancelled enough currency to lop 3 digits off the right way increasing the value of the currency and solving the inflation problem. China is taking a big investment in Iraq. Its currency will only go higher after the revalue.
Value Machine
February 4, 2015 at 12:35 am
the world bank wants to unpeg the dinar from the dollar. Iraq needs to fully implement that budget after the laws are voted and become a global market like they are supposed to be.
Yeah some banks don’t want to get off the dollar smart card system. They
feel safe in the dollar and not dinars. They don’t know what’s about to hit
the gazette in this budget though. It’s a revalue. China made it happen
with its US treasuries.
Your talking about history. These guys are worried about the future price
of $1.13 dinar not 1250. Come on man.
Why do you think $56 is the oil rate in the budget? It’s because that’s the
Chinese contract rate. Iraq used the US treasuries to purchase SDR’s which
also cancelled enough currency to lop 3 digits off the right way increasing
the value of the currency and solving the inflation problem. China is
taking a big investment in Iraq. Its currency will only go higher after the
revalue.
the world bank wants to unpeg the dinar from the dollar. Iraq needs to
fully implement that budget after the laws are voted and become a global
market like they are supposed to be.