Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"

by **Ponee** Wed Jun 18, 2014 11:07 am

6-18-2014 Newshound Guru Kaperoni [if they let it float right now its already going in the downward motion . whats to keep it from falling more and more every day. the only reason its where it is now is that the CBI is holding it there.] the dinar is managed now through what is termed a "currency board" or fake daily auction where citizens buy dollars, sell dinar in country under Article XIV. The value of the dinar is in a pegged "exchange regime" to the dollar. The exchange rate does not move and only the Market Rate changes based on these auctions. When the CBI moves to Article VIII and the dinar becomes a worldwide convertible currency, it also will have a new "exchange regime" in which the currency will no longer be pegged to the dollar and will some sort of float thus allowing it to find its true value based supply and demand as the world sees its worth. Significant difference here from an internally managed currency to a real world currency.

by **Kevind53** Wed Jun 18, 2014 1:51 pm

I do not agree with the Article VIII part, but we will see.

Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"

Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"

Re: Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"