Recently I did a call with RamblerNash and Ssmith from Dinar Daily about the future of the IQD after the liberation of Mosul. The gurus were saying for months that ISIS’ occupation of Mosul was delaying the RV, so with the news reports of the immanency of Mosul’s liberation we thought it would be a good idea to go on record saying that the net result for the dinar would be a big ol’ goose egg. In the weeks following the announcement from Iraq’s PM Abadi that Mosul is now free, the IQD hasn’t budged from its rate of 1184:1, and the hopeful speculators are slowly catching on. Enjoy the call.
Iraq Currency Watch 
OMG!! YOU GUYS HAVE TO BE SAINTS. YOU HAVE KNOWN ABOUT DINARS FOREVER AND ARE TRYING TO STEER US IN THE RIGHT DIRECTION, ESPECIALLY IN AS MUCH AS YOU DON’T CARRY ANY OF THE CURRENCY. YOU GUYS MUST HAVE A LOT OF HOURS LOGGED! BOY, I AM ALSO GLAD TO HERE OUR BANKING SYSTEM (FIAT) IS IN GREAT SHAPE .
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Actually, the banking system is in pretty good shape. Far better than it was in the days of the gold standard, and considerably better than it was eight years ago. But that’s not really relevant when discussing the IQD. The M1 money supply and the foreign currency reserves are what’s important, and the reason there’s no big RV coming.
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it is interesting that you point out the word fiat. What exactly does that word mean? I say this because apparently there seems to be some confusion about it. Some people think the word fiat means a crappy car built in Europe, yet others use the word to imply that the dollar really has no value and that all fiat currency is really worthless. Most people who imply this meaning have fallen for the Global Currency Reset Theory hook, line, and sinker. So let’s explore the real meaning of the word Fiat.
Fiat money is a currency that a government has declared to be legal tender through law or decree, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Outside of the government decree fiat money has no intrinsic value, whereas gold outside of the use of money has value. Gold bugs drive this point home in an effort to sell more gold but it is really misleading!
People caught in the GCR conspiracy tend to regurgitate the talking point that fiat currency has no intrinsic value as if to imply that fiat money has no value at all and that is misleading. Just because the dollar has no value outside of the use of money does not mean that the dollar has no value at all! Furthermore, the dollar has actual assets that back it. This is something that is also outside the definition of fiat. While it is used because of law and decree (fiat) that does not mean that nothing backs the dollar!
it is good that you recognize that the banking system is in good shape. It is in a much better condition now. While we were on the gold standard everything was a real mess! by the way, just a heads up. Your CAPS lock is stuck in the on position. You might want to get that fixed.
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