RV Question About The Average Iraqi

CaptainNemo33 wrote:wouldn't this imply that everyone in Iraq with even a nominal amount of Dinar would be rich overnight?

Iraqi's would have to exchange their dinar for the dollar. LOL Then what will they do since the Dinar is the national currency?



The only people who are saying that the dinar is going to be worth in the $3.00 range are the so called Dinar Gurus.

Some of their claims are:

They are going to reinstate the rate to a previous one they had before the war.

The UST made a deal through oil credits to pay for the war.

E. O. 13303 says the Dinar is an investment in Iraq.

Kuwait did it, and so can Iraq.

There going to remove 3 zeros from the currency, but not for the Dinar in use today.


Then you also have:

Dragon family gold.

White Spirit Boy money with accounts that have 60 zeros listed for the amounts of deposit.

Various Bond payouts.

CMKX.

A new banking system (quantum).

They are moving back to the gold standard.


And for the absurd:

Aliens and the Alliance.

Your social security number is a secret account at the treasury loaded with money for you to access millions, billions, trillions of dollars.


None of the above is true. You can research to your hearts content, but will only find that the information comes from the same Dinar Gurus. The facts don't support any of their claims.

It gets much deeper than the above. I just hit the top of the long list.



I'll cut to the chase...

The CBI determines the exchange rate. Period.

The Dinar is a pegged currency.

The simplest expression for the rate is determined by the amount of foreign reserves they have backing the money supply.