“Iraqi Dinar RV, Fact or Fiction?” by David Harkness – 7.19.21

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Entry Submitted by David Harkness at 1:49 AM EDT on July 19, 2021

We have seen the Gurus write a lot of information with out supporting information.

We have seen quotes of Dinar under the RV at USD 0.325c  to USD 0.39c  while this estimation has no support possibly this could be correct.

I refer all to the site below.

https://www.imf.org/en/Countries/IRQ

This demonstrates the Iraq has been a member since 27 December 1945.

You will also see  that they owe the IMF USD 779.4M  and only have special drawing rights left of USD 1.19M

You also need to look at the following link as to non-compliance by IRAG Government.     

IMF Executive Board Reviews Iraq Misreporting, Remedial Steps

https://www.imf.org/en/News/Articles/2021/03/04/pr2160-iraq-imf-executive-board-reviews-iraq-misreporting-remedial-steps

The Government  remains under sanctions  and its highly unlikely that their currency will be revalued and if so by a miracle which they need,  it is still unlikely their currency will  be relisted at present.

I  am surprised the Gurus have not done their homework nor inform the members of the true facts.

I expect the RV  of the Iraq Dinar will save the economy of Iraq and its people and we all hope this happens sooner rather than later for them.

Kind regards,

David Harkness

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