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Enorrste believes that this is going to happen sooner than later
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Enorrste believes that this is going to happen sooner than later
Enorrste
My personal belief is that this could happen sooner rather than later because, as I have stated many times before, once the cat is out of the bag and a new exchange rate regime is created there is really nothing to hold it back, unless, of course, the CBI intervenes. However, I don't believe that it is in their best interest to intervene and create a "ratchet" effect on the rising of the dinar. Their main concern will be on getting the large notes off the street in Iraq, and to the extent that they can do that seamlessly I see no reason for them to intervene in the international market. ...it would not surprise me to see the dinar get to $1 by the end of the year. The CBI says that it will take 2 to 4 years (more recently they are leaning toward 2 rather than 4 according to the articles) and we would assume that all large notes would be off the streets at $.50 per dinar. Even a 1000 dinar note would be worth $500 at that point. So, I suspect that they are projecting to get to $.50 in two years. I can live with that, but I think that international speculation will have more to say about it and that it will actually move up much more quickly, especially as investment moves into Iraq. I would not be surprised to see oil denominated in dinars after the change in the exchange rate regime, although not immediately. Imagine what that would do to the value...I am quite optomistic at this point. I can wait a few more weeks to see the ticker start to move. |
Article quote: "... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country. Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency." I really get disgusted at the "economic experts" who still don't understand the process. It is a process, not an event...the process involves a change in the exchange rate regime rather than a LOP or an RV.
Last edited by Ponee on Fri Mar 06, 2015 7:03 pm; edited 2 times in total
Ponee- Admin
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Re: Enorrste believes that this is going to happen sooner than later
Everyone knows this is a process. Move on.
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HezekiaH- VIP Member
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Re: Enorrste believes that this is going to happen sooner than later
He needs to keep two notebooks- One for his lies, and the other for B.S.-He never had a clue- So, Enorrste, which is it, or do you really know? I think not!
Terbo56- VIP Member
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Re: Enorrste believes that this is going to happen sooner than later
That full doesn't know anything more than the rest of the clowns. What sort of brain fart makes him think that oil is suddenly going to be denominated in dinar? Oil has always been sold and priced in petrodollars by international agreement. That is not likely to change anytime in the near future.
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