Bondlady believes there is a Middle East float of the dinar happening NOW

by **Ponee** Thu May 26, 2016 11:46 pm

Bondlady

((IMO)) somethings going on and for me I feel...it's with the dinar...

when you watch an read this stuff every day as I (we) do, you notice things out of the norm... you start seeing patterns in things...back in the day before the programmed rate began the dinar floated...I know what it looked like when it was floating, I followed it daily with the CBI...the CBI doesn't show the dinar floating because I feel if they did it would be internationally accepted then...

so this one site...basically has the dinar floating IMO...I think its floating in the Middle East, in arab currencies, no where else imo at this time...only...in the middle east, so supply and demand is now driving the rates imo...

out of I think the last 8 -10 days the dinar...went up and down.

...just want to point out that Minister of Finance site shows the exchange rate daily as well and it is changing too...

I think when the CBI announces the float it will hopefully mean they will be trading internationally which at this time imo they are NOT.

I think their gearing up for the switch and making sure the exchange rates sites are operating right like a trial basis seeing how it works in the M.E. then onto international.

There's way too many coincidences for me not to believe something is happening, the site shut its exchange rates down for 3 days prior to coming back up with what I believe to be Middle East float of the dinar. ...I do believe we are on to something with the dinar...early stages but a definite change appearing...

by **Kevind53** Thu May 26, 2016 11:48 pm

Yea, it's sliding backwards ....

by **Sam I Am** Fri May 27, 2016 4:00 am

I think what BL is referring to is the crawling peg that the CBI pursued from Nov. 1, 2006 - Jan. 1, 2009 when the IQD's value increased about 25%. That was not a free float, though. It was a managed float as they set out to get inflation under control. Once they accomplished that they went back to a policy of exchange rate stability. They are still on a managed float, but they aren't dealing with hyperinflation anymore so there's no need to raise the value. Like so many others BL is confused about the F word.

Bondlady believes there is a Middle East float of the dinar happening NOW

Bondlady believes there is a Middle East float of the dinar happening NOW

Bondlady

Re: Bondlady believes there is a Middle East float of the dinar happening NOW

Re: Bondlady believes there is a Middle East float of the dinar happening NOW