Russia and Saudi Arabia just finished an agreement last week to reduce OPEC+'s oil output and Russia just announced not only a cut back, but a boycott on selling to western countries playing around with a price cap on Russian oil; thus stabilizing the world's oil market for the foreseeable future. And there you go, Iraq now has a stable oil market to now allow their parliament to legislate the new budget for the country. This sets the stage for for Iraq to revalue the Dinar at a rate of 1 to 1 with the dollar and before that happens, Iraqi dinars are still for sale at a reduced value. The word is out now and Iraqi Dinars are becoming scarce, so their value is becoming more expensive, but they are still available.
02:09 PM - Feb 12, 2023
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