NADER FROM MID EAST: Whatever who says that dinar has changed in country can you stop lying? Please do people Iqd

Summary

The video features a speaker named N addressing misinformation circulating about the Iraqi dinar’s exchange rate. N firmly refutes claims that the dinar’s rate has changed recently to values such as “221” or “121,” emphasizing that the dinar remains stable at roughly 1310 dinars per US dollar within Iraq. 

He urges viewers to verify facts with people living in Iraq and discounts rumors about sudden changes in the exchange rate as falsehoods spread by unreliable sources.

 N explains that before any adjustment to the currency’s value or exchange rate could occur, the Iraqi government would first redenominate its currency by removing three zeros— a process known as eliminating the zeros. Only after redenomination would the exchange rate be adjusted. 

He stresses the logic behind this sequence, highlighting that a currency with extremely high denominations (like 25,000 dinars equal to $25) is impractical and thus needs redenomination first. 

N expresses frustration with individuals spreading rumors and encourages honesty and patience, advising people to rely on credible news sources to stay informed since the Iraqi government is not yet ready to implement these changes.

• 🛑 The Iraqi dinar’s exchange rate has not changed; it remains about 1310 dinars per dollar inside Iraq.
• ❌ Rumors about sudden rate changes like “221” or “121” are false and misleading.
• 🔍 Verification from people living in Iraq can confirm that the rate remains unchanged.
• 🔢 Before any rate change, the currency will first undergo redenomination by removing three zeros.
• 💡 Redenomination makes logical sense due to the impractical high denomination of current currency notes.
• 🗣️ Spreading false rumors only confuses and misleads people; honesty is crucial.
• ⏳ The Iraqi government is not yet ready to implement any currency or rate changes.

Key Insights

• 🏦 Currency redenomination precedes exchange rate change:  The Iraqi government must simplify their currency by removing zeros before adjusting the exchange rate. This step is essential to avoid impractical currency values and inflation confusion. Understanding this sequential approach clarifies why immediate rate changes claimed by rumors cannot be true.
• 📉 Economic logic behind redenomination: When currency denominations grow too large, like 25,000 dinars equating to approximately $25, it signals inflation or monetary devaluation issues. By removing three zeros, the currency is made more manageable and restores its psychological and practical usability within economic transactions, stabilizing the market.
• 🔄 Importance of credible information: The video highlights the dangers of misinformation. Many individuals seek or spread false hopes about quick currency gains, which can mislead investors and hurt financial decisions. The call for verifying news with people actually residing in Iraq underscores the need for reliable, firsthand data before making financial moves.
• 🤝 Trust and transparency in financial rumors: N criticizes those who perpetuate misinformation, urging them to stop misleading others. This appeal reflects how trust is foundational in financial communication and how false rumors can cause confusion, unrealistic expectations, or even financial harm among followers.
• 📈 The impact on currency investors and holders: The uncertainty and false rumors can cause distress or impatience among holders of the dinar worldwide. Patience and accurate knowledge are necessary because premature rumors about revaluation can lead to poor investment timing and decisions, negatively affecting individual finances.
• 🔍 The role of government readiness: The Iraqi government’s preparedness is crucial in executing currency reforms. The reminder that “they’re not ready yet” signals that such financial reforms take substantial planning and should be monitored with credible official announcements rather than speculation.
• 🕰️ Long-term perspective for currency changes: Currency redenomination and revaluation are complex processes requiring time and precision. Investors and observers must adopt a long-term view, recognizing that changes will occur methodically rather than through abrupt shifts promoted by speculative rumors.

Overall, this video serves as a cautionary message about rumors surrounding the Iraqi dinar, emphasizing the importance of patience, verification, and understanding the logical steps behind currency redenomination and exchange rate adjustments.