Ariel
@Prolotario1
Iraqi Dinar Update: Q & A
This was pulled from a more longer conversation about other things that took place over the last few weeks. So this is not some long drawn out debate. I just wanted you all to see what was said and why. This was a private chat between me and a couple of other people on a myriad of things. Some of them who were a part of this you may be familiar with. So there were other opinions that challenged the outlook of what or when this will occur. I will see if I can release that as well.
Q: Ok, Steve what about this? The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion. Is that not a major hurdle that has been overcome? Is Iraq not ready to implement everything needed in order to have a new exchange rate this year?
A: Well mot quite. Here is my view. Many people overlook this aspect. Think about this for a second. readiness to implement a new exchange rate this year depends not only on ample reserves but also on broader factors such as economic stability, political consistency, and structural reforms, which Iraq is still addressing.
Q: Many people out there listen to a myriad of views concerning this investment. But I made it a point to mention only those I respect. Two of them being Dr. Kia Pruitt & Militia-Man. And they have solid arguments about this investment. But you have others like Majeed who recently surfaced. Nis info is very good. How do you view his content in regards to the timing of Iraq being positioned to release a new rate this year?
A: Well as you may know I am not online as much as you are. But I am familiar with certain figures. One being Frank26 who I know you had issues with before which resulted in you being kicked off the site. And thus which maybe pushed you to start a Twitter account. But Majeed is fairly new to me so I do not have a solid opinion. But I will say that in general I disagree with yhe timing of this year for various reasons.
Q: Ok, fair enough. But there are some other points I want to bring up. Because I know we are in a war with the D--------e. And they have artificially suppressed the value of other currencies around the world in order to prop up the fiat USD. And the black market im Iraq thrives on a low value Dinar. How do you see this being removed?
A: The C---l suppression of global currencies, including the Iraqi Dinar, to bolster the fiat USD can be countered by Iraq implementing robust economic reforms and enhancing financial transparency to close the gap between official and black market exchange rates. Which is an ongoing effort.
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Q: So you agree that this is basically the process unfolding now in regards to the present regime in Iraq that are filled with Iranian loyalist?
A: Transitioning to a stable monetary system, like a gold-backed currency or joining a regional economic alliance, could further reduce the black market’s influence and stabilize the Dinar’s value. But to your other point there is a movement to oust the regime that is forming outstanding of Najaf.
Q: Well I presume there is an official offensive forming given that will challenge the Iranian militias that basically answers to Nouri al-Maliki. But his 200 members security have been formally removed. So he really is on his last leg. He is one of the main reasons why Iraq has been held back for so long. What is one of the immediate things that you think will happen once he is gone?
A: Once Nouri al-Maliki is removed, one immediate outcome could be a power struggle as Iranian-backed militias, who relied on his influence, face challenges from rival factions seeking to fill the vacuum. This could lead to heightened tensions and a potential shift in Iraq’s political landscape, possibly weakening Iran’s grip on the country as new alliances form.
Q: So do you see this as an opportunity for things to speed up economic & financial reforms in the country that will help Iraq rejoin global markets with a new currency rate much sooner than the next 6 months to a year?
Read Full Article:
https://www.patreon.com/posts/iraqi-dinar-q-130622855
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