Latest topics
Breitling " It's Simply Not Going to Change pt" 10/1/17
2 posters
Page 1 of 1
Breitling " It's Simply Not Going to Change pt" 10/1/17
...What's the number 1 thing that could delay it [The RV]? It's oil prices going up...If the price per barrel goes up then Iraq can delay the RV coming down the road...what are the windows? It changes. ...I have absolute confidence in the value of the Iraqi dinar. Let's say oil prices go up and it delays it...You have confidence? Yeah, absolutely! 100%. Nothing is going to change that. It's the timing that might deflect it here or there but that's not going to change it. It's simply not going to change it....
roxy22222222- GURU HUNTER
- Posts : 2881
Join date : 2015-04-20
Re: Breitling " It's Simply Not Going to Change pt" 10/1/17
His underlying assumption here is that higher oil prices will provide more revenues for Iraq, thereby relieving the economic pressure to increase the value. In the past the stated purpose for the RV was to return the dinar's value to its rightful place before Saddam Hussein started screwing with it. Both are wrong. There is no pressure at all to raise the value of the IQD. Whether the price of oil goes up, down, or sideways the dinar is on a managed float to maintain exchange rate stability as per the CBI's stated policy. A year from now the IQD's value will still be around $.00085 whether oil is selling for $100/bl or $30/bl. As for the rightful value of the dinar, if anything it's overvalued. Divide the foreign currency reserves total of $50 billion by the M1 money supply of 70 trillion dinar and you get about $.00071 instead of the current value of $.00085.
*****************
Busting Gurus Since 2011
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Mar 27, 2024 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash