Economist Recommends Re-Valuing Iraqi Dinar

By John Lee.

An Iraqi economist has said that re-valuing the Iraqi Dinar could be considered if certain conditions were met.

Dhurgham Mohamed Ali is quoted by Shafaq News as saying:

"The exchange rate of the dollar should be gradually reduced to 1,300 dinars [from the current 1,460 dinars] while keeping an eye on the cash transactions to preclude creating a black market, dollar smuggling, and tighten the control over imports.

"The outcomes of the devaluation were detrimental. The inflation rates grew, poverty rates soared, while development rates remained static and foreign currency smuggling exacerbated."

The change proposed would increase the value of the dinar by just over 12 percent.

More here.

(Source: Shafaq News)


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14 Responses to Economist Recommends Re-Valuing Iraqi Dinar


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    Willy Communist
    15th November 2021 at 21:53 #

    I agreed


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    Roosevelt Oggs Sr
    19th November 2021 at 03:32 #

    The US needs to get out of Iraq and fix its own problems.


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    Mike
    7th December 2021 at 07:14 #

    The U.S. government should get out of Iraq and all holders of their Dinars should agree to sell them back to Iraq because there is no clear intention by the Iraqi government to raise the value of their Dinar. We were kind and sincerely tried to help Iraq.

    We also need to loudly tell our government to stop trying to save other nations from their own devils. Our nation should not speak of liberty, equality, freedom, and civil rights as long as white Americans continue to hate and conspire against people of different ethnicity, culture, and color.


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    Bruce
    7th December 2021 at 13:59 #

    HI Mike, there was nothing "kind" or "helpful" in buying up dinars in the hope of an astronomical (and totally impossible) profit. In no way was that an "investment" in Iraq.


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    Mike
    8th December 2021 at 10:27 #

    Bruce,

    Former President G.W. Bush encouraged the purchase of Iraqi Dinar and he certainly didn't suggest it with a negative attitude.


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    Bruce
    8th December 2021 at 14:10 #

    Hi Mike, can you please give me a single reliable reference to G.W. Bush encouraging the purchase of Iraqi dinars? (E.g, A link in a reliable source to a speech, a statement, anything like that).


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    MAS
    9th December 2021 at 03:35 #

    @bruce, hi all, i don't have a dog in this fight but Mike it's right
    Executive order 13303; ratified by 44 and 45
    SOS then Runsfeld, encouraged every military personnel to purchase dinar before deployed back to USA.
    43 Quote" THE WAR WILL PAY FOR ITSELF"


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    Mike
    9th December 2021 at 08:54 #

    Bruce,

    Sorry, but that information (if it still exists) was online in 2005 when I read about the dinar opportunity. You can inquire at dinarvets.com or find a dinar site to write to.


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    Bruce
    9th December 2021 at 20:05 #

    HI Mike, so just to clarify, you've made a claim that the US President encouraged people to buy dinar, but can't produce any evidence. (Because there isn't any,)

    Similarly MAS: Where exactly does this Executive order 13303 encourage military personnel to purchase dinar? (It doesn't).

    It's important that people don't believe everything they read, especially on sites that are trying to scam them.


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    Bruce
    11th December 2021 at 21:24 #

    What, no response? It should be very easy to verify these claims if they were true, but of course they're just garbage put out on the sort of dinar sites where everyone accepts what they are told.


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    Mike
    12th December 2021 at 10:20 #

    Bruce,

    Why is your name among "dinar gurus" submitting your opinions about Iraq and its reconstruction?

    What vested interest do you have?

    If you say there is no proof about the offer to purchase dinar then why are thousands of people taking their chances?


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    Bruce
    12th December 2021 at 19:11 #

    HI Mike,

    Qi: I don't understand your question.

    Q2: Vested interest: I have none.

    Q3: Why are thousands of people taking their chances? Because they've been fooled by dinar forums repeating claims that have no basis. Because of fear of missing out. Because they want to believe that they are part of some privileged group of insiders. All the usual stuff that cheats and charlatans use to separate people from their money.

    Meanwhile, I note that you still haven't been able to back up your claim.

    I hope this helps 🙂


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    Mike
    13th December 2021 at 08:56 #

    Bruce,

    If you have no vested interest then you should show no interest by stop putting your comments here on the Iraqi Dinar. You've got a lot of negative naysayer input for a non-vested person. Our conversation is over.


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    Bruce
    13th December 2021 at 16:54 #

    So to summarize -

    Mike:
    1. Claimed the US President encouraged the purchase of Iraqi Dinar
    2. Could not provide any evidence to support his claim
    3. Launched an ad hominem attack on me for requesting evidence
    4. Refused to discuss further

    This should tell you all you need to know about the Dinar scam.