Adam Montana says the dinar will RV - PEG then FLOAT

DINAR GURU -- Adam Montana  

roxy22222222 wrote:

DINAR GURU -- Adam Montana  

 [...assuming the CBI elects to "Float" the Dinar from it's current value and removing zero's maybe one at a time...do you see this process taking up to a year...to have a value close to 1 to 1 with the us dollar? ...how long from the time they start the "Float" until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).]    yes, the float process could certainly take up to a year, maybe more or less. I believe we'll be  looking at a hybrid situation between peg/float - a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged  to the USD at this time, regardless of how they revalue.) That rate could be "fixed"  for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the "Pegged" period.  



...after the initial 3-6 months, resume normal auctions and let the market determine the future rate. This is the "Float" period, where the market can easily drive up the value to $1 and beyond. That initial 3-6 months allows the CBI to directly manipulate the currency supply, possibly introduce an entirely new printed currency, and control their expenditures while simultaneously profiting from the exchanges. 


09.21.2017



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It’s been a while getting here, and nobody knows where  exactly “here” is quite yet, but what I DO know is we have a LOT going on right now!  There is an upcoming referendum in just a few days where the KRG (Kurdistan Regional Government) is attempting to “vote” on “Independence”. While the “vote” isn’t something I’m personally putting a lot of weight on, the statements and actions surrounding and connected to it are certainly worth paying attention to. Abadi had previously spoken out against the referendum (scheduled for Sept 25th), but now the Supreme Court (Iraq) has actually issued a ruling ordering them to completely suspend any preparations for such a vote, based on it being “unconstitutional”. 

The distinction between the Kurdish Regional Government and actual Iraqi government is a big deal. The Kurds actually signed and helped write at least the portion of the Iraqi constitution that makes such a referendum illegal. This simply clarifies that the Kurds are not an autonomous people - they are technically (politically speaking) Iraqis. That means Baghdad trumps Erbil. The United States, Turkey, and other countries have voiced disapproval of the separation, but here is the end-of-the-road...   ...I don’t think a separation will happen.... Let’s look back at the last 2, 3, 5, heck...TEN years...how long have we been hearing about the Kurds threatening to secede? It’s always been a topic, but only recently it is in the news daily.  Why would that be, one might ask...the answer is simple.  We are on the cusp of some major happenings.