Happy Saturday Dinarians,
Well, as my regular readers know, I normally don’t post on a Saturday, but with all this time off for Christmas and the New Year, I felt why not drop in an article since it has been several days since my last post.
I wanted to give you this Mail Bag question I received from George – It is about the CBI’s reserve and the amount of IQD printed. Here is his question:
My question is that the Iraqis said in their release that they are postponing the “delete the zeros” event
Because they have 34 Trillion dinar in circulation. Is this a typo? It would seem if there is that much
Dinar out there we are sort of “screwed” if you’ll pardon the term.
What do you know about this?
This is my answer to George, which is only my opinion based on the years of reading news articles, take it as you wish.
I have heard and read news articles for 3+ years now about postponing the deleting of the zeros, etc.So, I don’t put too much value on these articles anymore, I believe they are “recycled” to sell newspapers in Iraq.I have always heard the quantity of IQD printed was aprox 37 Trillion – give or take a few who really cares!In reality, I own a few million IQD and you own what you own and that is all that really matters right?The IQD that we both hold is legal tender and can be redeemed at nearly any global currency exchange even today, so it has value – what we are waiting for is it to significantly increase in value.I understand that Iraq’s Central bank holds most of that 37 Trillion in their reserves, then the US Treasury, then other foreign banks of the original Iraq War Alliance Partners.But, like I said, why should you and I really care? We have what we have, and that is what really matters. Just don’t go giving it to some Hack Guru’s scam, and you will be fine later when it does finally significantly increase in value.~ Mr IQD
If you wish to ask a question, or add to my answer above, please use the form below. Have a great weekend friends!
~ Mr. IQD
- Multipule Rant’s! Against Mr.IQD (from the mail bag) (mriqd.com)
- RANT! VJ calls Tony TNT and Okie flat out liars! (mriqd.com)
- Urgent … IQD 4 billions sized from gunmen in Anbar (iraqinews.com)
- Question: Mr.IQD, Do you believe it will ReValue? (mriqd.com)
- Question: do you feel that the RV will happen anytime soon? (mriqd.com)