Sandy Ingram

Sandy Ingram – Dinar Guru   The Central Bank has been reducing the amount of dinars in circulation.  That one factor should tell you that sooner or later they’re coming for our Iraqi dinars.  Less currency floating around means less pressure on the exchange rate…Iraq still has strong oil revenue…Iraq has been exploring oil by truck out the back door across the border.  Now Iran is allowing Iraqi oil tankers through the Strait of Hormuz… And finally, Iraq has been cracking down on the black market dollar sales.  They prevent the unofficial exchange rate from drifting too far away from the official rate…The central bank is actively controlling supply and demand and access to dollars every single day and that’s the bottom line…The IQD is not a free market currency.  It’s a managed currency.

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