Here's What Viewers Said About the Exchange of the IQD to U.S. Dollars
@brettsager1119 This is how I see it...we won't be trading in our dinar to a " bank" so to speak. I think we will be basically exchanging our currency to the UST and it will be used in global trade with Iraq. Therefore, we might get a slightly lower rate from the UST ( maybe 5 % ) and then they will turn it into a tradeable currency.
Note. The UST is a special type of stablecoin that's called an algorithmic stablecoin. This means that, unlike USDC and USDT, it's not backed by actual cash in a bank, but it maintains its peg to the dollar via some other mechanism.
Another viewer said: @michaelmoore4778. If you are in the United States, your dinar will be deposited into a bank. The united states rlusd is the new digital dollar. The way they exchange in iraq isn't the same in the usa. You are not getting a digital iraq dinar. You are going to get your money back based on the country you are in.
Another viewer said: @misterm.m1881 You are making stuff up for your goof ball membership!
It should be noted that the Membership, even at $2.99 a month will help the publisher of the channel to travel and see for ourselves what the hell is going on in the Middle East. You will need to join the Membership to be a part of these plans. Members are welcome to travel with Sandy to the Middle East.
Plus, the Membership provides a video once a week on Iraqi Stock Market updates, disruptive investments, low-cost investments that can yield a high return, and tips on how to legally lower capital gains taxes. Sandy, the channel's publisher, has been a registered tax professional with the Department of Treasury for 25 years. She could go to prison for scamming U.S. taxpayers.
Another viewer wrote up an interesting comment.
@jamesnewton9859 said, XRP is the digital bridge currency, you would have to exchange at a tier 1 bank that exchanges foreign currency and has adopted XRP.
Research tells us that XRP is a cryptocurrency and the native token of the XRP Ledger, an open-source blockchain designed to enhance global financial transfers and currency exchanges. It is primarily use within the Ripple network, which aims to facilitate fast and low-cost international money
The channel found these comments worthy of mentioning.
At this point, we do not know how the policies and procedures will work. We are speculating to prepare for any surprises.
The Membership shares insights into disruptive investments, low-cost investments that can yield high returns, updates on the Iraqi stock market and tips on how to lower your capital gains taxes, legally.
One thing we know for sure is that there are a high number of Iraqis who are not interested in seeing us prosper from their currency. They openly admit their feelings online.
We also know that Israel is not interested in seeing the IQD on the international financial markets.
We believe the U.S. Treasury Department is working with Iraq to ensure that individual investor payouts are limited. Again, this is what we believe.
We definitely have strong opposition in high places that would rather not see us prosper. Can we all agree on that?
Thus, we need to plan and strategize to ensure we are prepared.
