March 4, 2024 Mohammed Rashid Most of the crises that accompanied us led to the collapse of our national currency (the dinar) were due to the wars that were forcibly imposed on Iraq by some major powers for many years, and the dollar was the final command that dominated the economic scene and contributed to destroying the value of the Iraqi dinar. In 1970, a piece of land with an area of (600) square meters in the most prestigious place in our city of architecture was worth (5) thousand dinars, and today the same piece is worth (one billion) and (500) million dinars. This is how playing with the fate of peoples was in order to weaken them and control them. Its human and oil resources. Today, the economic world is witnessing a qualitative boom in awareness, and very soon it will overthrow the “dollar” and its name will be changed in the coming period to “the dinar” and after a while to “the dollar,” and in the end it will completely lose its value and its printing price will be equal to (a number of cents). In a televised interview with the ""Iraqi President, Engineer Muhammad Shiaa Al-Sudani"", he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the ""Iraqi dinar will return to its lofty economic value"", away from wars and violence, through a new era that imposes its cultural will in the region and the world. ----------------------------------------------------------------------------------------------------- Well well well. Here we have a gem of an article. The focus is on the Dinar having value over the dollar just like Al-Sudani has stated in the past. The expectation is that the dinar will return to a previous area that will be with lofty economic value.. The drum has been beating this story here it is again.. I like the beat!! ~ MM ---------------------------------------------------------------------------------------------------- SNIPPET 05/2023: The decision of Mr. Al-Sudani’s government to trade in dinars instead of dollars, in the daily transactions of the local market, came against the background of the remarkable rise of the dollar against the Iraqi dinar, which prompted the government to start a wide campaign, to control the market and restore daily transactions according to the local currency, and the security forces and members of the Organized Crime Directorate continued Its campaign in the cities to urge and motivate citizens to deal in dinars instead of dollars.. in addition to monitoring the market to prevent the exploitation of merchants, some of whom intend to raise and save the dollar, based on fluctuations in the exchange rate. Several parties participate in this campaign, including the National Security Agency, the Ministry of Commerce, Interior and Planning, in addition to the Central Bank of Iraq. This campaign was called the Campaign to Support the Iraqi Dinar. This measure comes within the framework of the calls that Mr. Al-Sudani faced, of the need to return the exchange rate of the dollar to what it was.. He called on all citizens not to acquire the dollar, ""because the dinar is stronger"", indicating that international standards and relations between the Central Bank with the US Federal Reserve and the US Treasury to control the movement of Money, which traders find difficult to deal with, has led to a rise in the exchange rate. | | | |
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