By John Lee.
Back in January, Iraq Business News ran an online survey asking opinions on a revaluation of the Iraqi dinar following the inauguration of US President Donald Trump.
This survey did not pretend to be scientific, as respondents were self-selecting, leading to a high risk of sampling bias, but it served to show that among dinar speculators there was some currency (pun intended) to the idea that the re-election of Trump to the White House would have a bearing on developments.
Astonishingly, more than half of respondents expected the Iraqi dinar to revalue by at least 1,000x in the first 100 days of Trump's term. You can see a graph of the responses below.
More than two months into that period, Trump has not done or said anything to support this theory, despite false claims to the contrary on the internet.
But rather than finally accepting that they have paid good money for the false hope of ludicrous returns, dinar speculators (or 'dinarians', as they sometimes like to call themselves) continue to reinforce each other's beliefs on online message boards and dismiss all logical arguments against their position.
Please let us know your thoughts in the Comments Section below.
For more information on the Iraqi dinar, check out IBN's Dinar Page here: https://www.iraq-businessnews.com/the-dinar-page/?swcfpc=1
See also: The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception
To learn what's really happening in Iraq, check out our news here, and our library of reports here.
Yes. Trump allows for RV of IQD will be great for US Economy.
Biden & DEMS threw away Billions of USD, TRUMP can easily back IQD with USD with positive outcomes unlike Biden and DEMOCRATS throwing away Billions on Junk..
RV will stabilize Iraq & completely Put Iran out of business.
Go TRUMP on IQD RV ???
At the rate Iraq has shown financially it is a blessing in more ways than how the experts have been standing on the fence about the growth. Iraq is now leading a very large and very well relationship with other nations in way of development that is bettering the lives of of all people not just in Iraq but out of Iraq with other nations. Iraq will be around for a very long time in way of dependability and growth for all to see.
Great nation and blessed by all who do business with Iraq.
With all the growth in Iraq how do they function without any value to the dinar? They would need truckloads of dinar to pay for projects or even a tank of gas! Doesn’t make sense!
well i really hope for all concerned the REVal takes place soon
Iraq needs this and it will be a blessing for all holders.
Remember when Trump gave away a Zim Bond and said "Hold on to this, it'll be worth a lot of money one day!" Iraq needs this and it will just be a blessing for others. He still has 21 days
How will people know when to go to the banks to make an exchange- should the Dinar revalues?
The Dinars will never revalue. Never! It is hype to buy more worthless paper.
When the rvaluation will be happened. We are waiting fir long period of time. Have any predicted timeline?
Seriously, I know people who have literally waited so long that they are dead now. It is not going to happen.
IT IS INEVITABLE! It is impossible for Iraq to recover and grow, as a Nation, when their currency is completely WORTHLESS!
President Trump will organise the revaluation.. Exactly when? That's another matter, but certainly some time in his Presidency.
So hows that whole revaluation in first 100 days working out for ya?
So many delusional fools! It's astonishing the utter rubbish people convince themselves to believe, even in the face of mountains of evidence showing how completely stupid their beliefs are. These imbeciles will go to their graves clutching worthless dinar and their last worlds will be: "It's going to happen next week, I know it is, Trump's the messiaaaaaargh..." Mindless madmen.
What's important is that the iraqi finance minister believes it will go up. By how much is anybodies guess. But I wd imagine the trump administration have bought billions, then plan to crash the dollar and sell back the Iraq notes.revitalisng the usa economy, same with Zimbabwe notes. Just my guess.