Poppy3 -- says we are moving forward and there will be no float

by **Ponee** Tue Sep 17, 2013 1:29 pm

9-17-2013 Intel/Newshound Guru Poppy3 THE BEST THING I CAN SAY AT THIS POINT WE ARE MOVING FORWARD AND THINGS ARE NOT STATUS QUO. EVEN THOUGH I EXPECT THE RV AT MOST ANYTIME AND IT IS ON THE WAY FOR ABSOLUTE FACT AT THIS TIME WE CAN'T GUARANTEE A TIME TABLE. THEY HAVE STATED MANY TIME NOW THE LIFTING OF THE THREE ZERO MONEY WILL BE COMPLETED NO LATER THAT JULY 2014.

9-17-2013 Intel/Newshound Guru Poppy3 SO, THAT MEANS THEY MUST ...WANT TO BECOME A FULL MEMBER OF THE WTO AND THAT REQUIRES A REVALUATION OF THEIR DINAR, THEY ARE BEGGING FOR INTERNATIONAL COMPANIES TO INVEST IN IRAQ AND THAT REQUIRES A REVALUATION OF THEIR CURRENCY. I AM CERTAIN THEIR WILL BE NO FLOAT ...CBI EVEN STATED LAST WEEK THEY WANT A FLAT RATE...YOU MUST STAY WITH WHAT IS DIRECT FROM THE CBI AND IMF AND THEY HAVE NEVER SAID FLOAT OR NEVER SAID ANY RATE LESS THAN $3.22.

by **Kevind53** Tue Sep 17, 2013 1:42 pm

While I do expect an RV, and consider the $3.00 to $3.50 range to be the most likely scenario, I do not see it as necessary for either ascension to the WTO, or to attract foreign investors. There are countries who are full members of the WTO and IMF with much lower value currencies. Currency is currency, and most foreign trade is done in USD, British Pound Sterling, or Euros anyway. So I see no urgency on that front.

Poppy3 -- says we are moving forward and there will be no float

Poppy3 -- says we are moving forward and there will be no float

Re: Poppy3 -- says we are moving forward and there will be no float