Prolotario
@Prolotario1
I Can Understand Why I Was Not Tagged
This post from this account falls into the common trap most do when trying to figure out how American investors will be paid once they exchange their Iraqi Dinar. The CBI was never going to be the sole entity responsible for this. Which makes everything she said non-viable and very amateurish in her assessment. So for the umpteenth time I will briefly reiterate how this will go.
The CBI does not directly redeem or “pay out” trillions in IQD held abroad at a new rate like some magical windfall; foreign-held dinar isn’t a liability the CBI must cash out en masse from its reserves. Revaluation or redenomination doesn’t work that way it’s not a global buyback program funded by the CBI printing or spending billions to cover every overseas note.
People This Is The ABCs Of This Investment
What Iraq is actually pursuing is redenomination (removing three zeros from the currency), not a sudden massive revaluation. This means old 25,000 IQD notes become new 25 IQD notes, simplifying transactions without changing purchasing power or the overall money supply value. But you bought it for pennies before this change in rate correct? Which means on a 1:1 basis you will get parity value and receive 25k back at your appointment if that is all you bought. So on and so forth.
This is why you should talk to your bank and ask will they be exchanging.
Once the dinar achieves greater stability and is listed more freely on international Forex platforms through CBI reforms, reduced dollarization, and economic diversification private exchanges in America (dealers, banks, or brokers licensed for forex/currency) handle conversions. Holders sell their IQD on the open market at the prevailing rate, receiving USD based on that day’s exchange value no direct CBI payout to individuals abroad.
Source(s):
https://x.com/Prolotario1/status/2031902133981720739
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