Newshound Guru Pimpy – Iraqi Dinar Guru Update (25-05-2023)

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Newshound Dinar Guru Pimpy: Let’s make this clear… an RI is a restoration. People always confuse it with RV. An RI will restore the rate at which a currency was previously. In Kuwait…they were invaded and drove the value down, but after Iraq was re moved…they restored the rate to what it was before the invasion. As for Iraq, the approach is different because what happened in Kuwait was short-lived, not to mention Iraq is under sanctions. Are they going to recover? I don’t think so. This is my opinion. But can it be? Of course. Anything is possible…I think you are going to see an RV that is re-priced…

There has been a lot of back and forth…people are claiming the currency is floating and it is on forex…is IQD on forex? …money exchanges, not global forex, list IQD. Since IQD is a recognized legitimate currency they still monitor it but it is not pegged to anything and it is not trading… At this time Forex.com does not offer trading in Iraqi Dinar. (Newshound Guru Pimpy) Click on Pimpy for more