Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us.
There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this.
The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?
It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions…
So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us.
They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend.
People should be excited. This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to.