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Adam Montana sees them coming out fixed, then switching to a float
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Adam Montana sees them coming out fixed, then switching to a float
Adam Montana
[Looks to me at this moment in time that your thought an a 10 cent RV may be pretty accurate...if this was the starting point, will we see a fixed float or a free float.]
Fixed or float - I have differing opinions on that one. BOTH are positive, because the CBI won't launch a new rate until they know they can sustain it... so if it's a float, it will only go up in value. Bonus for us! But if they have any concerns at all, then they might want to peg it (fix) for a time to prevent any movement and control the value. Again - Good for us, because we won't lose value! My final answer is a hybrid - it's very easy to see them coming out fixed, and then switching to a float once they are confident. With the way the CBI moves, we might want to assume that they would hold it fixed for years, but the other side of that coin is that when the CBI makes a big move... I believe they are going to be ready to play, and they will do things we don't expect.
Ponee- Admin
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Re: Adam Montana sees them coming out fixed, then switching to a float
I think Montana's head is floating from all the porn he's into-
Terbo56- VIP Member
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Re: Adam Montana sees them coming out fixed, then switching to a float
Float? It can only go UP he says???? Lol! They can't even get it up to 1166 now, what does that idiot think the Iraqi's have been trying to do the last couple of years? They almost went into a panic recently when the actual market rate was well over 1300 to 1 and even higher at times, they enacted several measures in the attempt to get it down and succeeded in getting it back to a bit over 1200+/- but that's the best they could do, if they introduced a float the rate would plummet! Why would it rise? It would only rise if there was a demand for it but there is no demand, even the Iraqi citizens trade it for a slight loss in order to get Dollars because even they don't trust or want the Dinar!
dwm007- VIP Member
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Terbo56- VIP Member
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