KTFA
HappyGuy » June 13th, 2019
Sounds like the dinar might start out at 1 USD = 1.20 IQD.
Puts the value of one dinar at around 80 cents US?
Hammy14 » June 13th, 2019
Happy_Guy, I don't agree with the 80 cents value. The IQD was tested at 1:1 seven years ago, and then retested again, and then retested again after that. Their reserves and resource amounts have almost doubled in the last seven years, so the true value of the IQD is well above one dollar.
Also, the last known value before sanctions was about $3.20, so in my opinion, the starting rate will be in that ballpark when they finally announce the rate.
But whatever the starting number is, I fully expect the currency traders to put the hammer down and drive it up to $4 plus before they cap it. I really believe the "true value" of the IQD is well above $4, but as Walkingstick has taught us, they will not allow the value to go higher than the Arab Accounting Dinar, which is around $4.17, or thereabout.
Anyway, the point is, if it doesn't start out that high, it will eventually get there, IMO.
Coco » June 13th, 2019
From the following site: https://www.exchangerates247.com/currency-converter/?from=USD&to=IQD
Note the Dinar coins available and banknotes.
United States Currency: U.S. Dollar
U.S. Dollar (USD) is the currency used in United States, East Timor, Puerto Rico, Equador.
U.S. Dollar currency symbol: $
U.S. Dollar coins available: 1¢, 5¢, 10¢, 25¢, 50¢, $1
U.S. Dollar banknotes available: $1, $2, $5, $10, $20, $50, $100
Central Bank: Federal Reserve Bank
Iraq Currency: Iraqi Dinar
Iraqi Dinar (IQD) is the currency used in Iraq.
Iraqi Dinar currency symbol: ع.د
Iraqi Dinar coins available: 25, 50, 100 dinar
Iraqi Dinar banknotes available: 50, 100, 250, 500, 1,000, 5,000, 10,000, 25,000 dinar
Central Bank: Central Bank of Iraq
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
HappyGuy » June 13th, 2019
Sounds like the dinar might start out at 1 USD = 1.20 IQD.
Puts the value of one dinar at around 80 cents US?
Hammy14 » June 13th, 2019
Happy_Guy, I don't agree with the 80 cents value. The IQD was tested at 1:1 seven years ago, and then retested again, and then retested again after that. Their reserves and resource amounts have almost doubled in the last seven years, so the true value of the IQD is well above one dollar.
Also, the last known value before sanctions was about $3.20, so in my opinion, the starting rate will be in that ballpark when they finally announce the rate.
But whatever the starting number is, I fully expect the currency traders to put the hammer down and drive it up to $4 plus before they cap it. I really believe the "true value" of the IQD is well above $4, but as Walkingstick has taught us, they will not allow the value to go higher than the Arab Accounting Dinar, which is around $4.17, or thereabout.
Anyway, the point is, if it doesn't start out that high, it will eventually get there, IMO.
Coco » June 13th, 2019
From the following site: https://www.exchangerates247.com/currency-converter/?from=USD&to=IQD
Note the Dinar coins available and banknotes.
United States Currency: U.S. Dollar
U.S. Dollar (USD) is the currency used in United States, East Timor, Puerto Rico, Equador.
U.S. Dollar currency symbol: $
U.S. Dollar coins available: 1¢, 5¢, 10¢, 25¢, 50¢, $1
U.S. Dollar banknotes available: $1, $2, $5, $10, $20, $50, $100
Central Bank: Federal Reserve Bank
Iraq Currency: Iraqi Dinar
Iraqi Dinar (IQD) is the currency used in Iraq.
Iraqi Dinar currency symbol: ع.د
Iraqi Dinar coins available: 25, 50, 100 dinar
Iraqi Dinar banknotes available: 50, 100, 250, 500, 1,000, 5,000, 10,000, 25,000 dinar
Central Bank: Central Bank of Iraq
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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