Entry Submitted by MenoReno at 3:40 PM EDT on August 27, 2019
There's a lot of discussion about whether or not the dinar will lop or drop off the zeros on their large notes. Personally, I think neither is the option they intend on.
The big notes that we purchased will be retired inside Iraq. Actually, they have been doing this for some time. Remember that Kuwait revalued their currency and it's currently the highest valued in the world.
Other oil-rich Mid-East currencies, are worth over twice the value of the US dollar. So, the arguments against Iraq devaluing to a rate that isn't in the same range as their neighbors just doesn't hold water.
We are told the rate showing up on back screens at the banks is $3.91. Whether or not this is the rate offered us, we won't know until we are at the bank. But it is in the range of their neighbor Kuwait, which it shares the southern oil fields with.
MenoReno
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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
There's a lot of discussion about whether or not the dinar will lop or drop off the zeros on their large notes. Personally, I think neither is the option they intend on.
The big notes that we purchased will be retired inside Iraq. Actually, they have been doing this for some time. Remember that Kuwait revalued their currency and it's currently the highest valued in the world.
Other oil-rich Mid-East currencies, are worth over twice the value of the US dollar. So, the arguments against Iraq devaluing to a rate that isn't in the same range as their neighbors just doesn't hold water.
We are told the rate showing up on back screens at the banks is $3.91. Whether or not this is the rate offered us, we won't know until we are at the bank. But it is in the range of their neighbor Kuwait, which it shares the southern oil fields with.
MenoReno
______________________________________________________
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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