Ariel
@Prolotario1
Why do you all conflate what is going on there with what is going on in America? This is an Iraqi issue. And even then they to will have the option to exchange or convert their Paper Dinars into paper USD. This will be a process which will happen over years.
- Digital
- Electronic
- Paper
- Metals
We are going into a system where all of this will operate in conjunction. There is nowhere in any American policy by any government or bank who officially stated that American citizens will only receive their USD exclusively in digital currency.
Stop making this more confusing than what it actually happening. Iraq has not written any policy outlawing the use of physical paper transactions for digital money only. This will take years.
Do you understand?
Cash remains the predominant medium for transactions in Iraq. A 2023 report indicated that approximately 98% of transactions were cash-based, with digital payments being limited primarily to salary withdrawals by public servants and pensioners.
Do you know how long it will take Iraq to phase out paper money to only have digital currency? You all hop on one news item and go with it without doing any further research.
Please relax.
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This confirms so much for me.
— Thom Sieloff (@RealThomSieloff) November 8, 2024
The Iraqi Dinar will be digital.
It will be backed by gold and powered by Ripple (XRP).
This is a new currency. Iraq's Auctions are already pulling IQD off the streets in Iraq. When they give us that exchange rate and put it on FOREX, we will have… https://t.co/kdt1EKpXrI
Source(s):
https://x.com/Prolotario1/status/1854918285592076486
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