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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Reasons for the collapse of the national currency against the dollar

    Rocky
    Rocky
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    Reasons for the collapse of the national currency against the dollar Empty Reasons for the collapse of the national currency against the dollar

    Post by Rocky Sun 18 Jul 2021, 1:42 pm

    [size=32]Reasons for the collapse of the national currency against the dollar[/size]
    [You must be registered and logged in to see this link.] Sunday July 18, 2021 at 18:08 pm (views 134)
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    Sky Press /

    In 1989, Saddam Hussein requested that the most important economist be brought in to discuss the improvement of the Iraqi dinar.

    The wanted person was a bank manager in Basra from the people of Al-Faw. He told Saddam the reason for the decline of the Iraqi dinar is speculation in the Gulf countries, Jordan, Turkey and Egypt. All these countries own the equivalent of twenty billion dollars in Iraqi currency just because the dinar rises, they sell it at half the price to hit the economy.

    He said the solution consists of two parts, the first is to control the borders with Kuwait and Jordan because it is the source of currency smuggling, the second is to cancel the twenty-five dinars currency because all speculation in this currency within a week closes the borders and replaces everything inside, after which it turns to everyone who owns this currency abroad a complicated procedure that ends after Years of not being compensated with this, Iraq would win twenty billion in a week. Saddam began to focus on the appearance of this expert and criticize his chipped teeth, his ironed clothes, and his ridiculous appearance, as suspecting that he was uneducated and expelled him.

    Saddam entered Kuwait and the Iraqi dinar collapsed and Iraq lost liquidity and needed to print a new currency. Saddam ordered the same expert to be brought and asked him a question: What is the solution?

    The economist said, if we print a local currency, we will be exposed to a greater collapse in the currency and inflation will rise because of the neighboring countries, they will open printing presses, but if we make an alloy with a percentage of gold and silver and the rest of the metals in a magnetic degree, even the one who is involved in making like it is the loser. The equivalent of two dollars and fifty cents with a dinar with half a dinar with a quarter of a metallic dinar will stop inflation and prevent the collapse and keep prices fixed, Saddam was not convinced and was intending to strike the currency in Iraq and abroad by printing a currency of no value.

    Then the disaster happened. Iraq was exposed to inflation, high prices and starvation. The purpose is to hit the countries’ treasury of the Iraqi currency. The disaster that I saw in my eyes was the Iraqi currency being printed in Lebanon and Syria and smuggled into the Iraqi interior across the border. Every meal of counterfeit currency brought by traders from Anbar to Iraq is estimated at half a billion Iraqis. It is carried in a Suzuki pickup, then the coins are placed in the middle of the Nissan buses. Below the corridor, there is a cavity prepared for smuggling. The printing was done in all the countries surrounding Iraq, until matters reached Iran, printing rolls without cutting, paying them in northern Iraq and in the marshes.

    Currently, the situation of Iraq is heading to a similar disaster, not printing currency or smuggling the dollar, on the contrary, through Erbil, the largest percentage of the Iraqi dinar is withdrawn to Erbil from the category of twenty-five dinars with an Emirati agreement, after withdrawing this currency, the dollar will be demanded in this currency at a price of three thousand The central bank will pump at a low price, but you will find a withdrawal at a price of three thousand within a week, the dinar will lose its value, the state is supposed to pay attention to the process of withdrawing the twenty-five and tend to pay salaries in the currency of the five and the dinar is pumping it more so that it is not withdrawn and stored in Erbil or sent abroad to strike the currency.

    Qatar issued a new currency after it discovered that its currency smuggled into the UAE and banned directed currency because billion from the currency of any country is sufficient to create inflation and the loss of the local currency value of the
    movable /
    Add ::: -
    MP / Mohammed al - Darraji said ,
    " a day comes two cars carrying the dollar from Arbil / distributed in the fight dollar and at lower prices than the market as well as two o'clock distributed the dollar
    in Harthiya and eventually gathered 25 thousand
    Iraqi dinars and go out to Arbil note funding by the UAE goal is the bankruptcy of Iraq and weaken the value of the dinar
    permission Arbil conspire on the country to weaken
    hope of government attention and addressing these the plot.

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