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Rich B says - There can NEVER be A Dinar RV the way the gurus say
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Rich B says - There can NEVER be A Dinar RV the way the gurus say
by Ponee Wed Nov 15, 2017 10:26 am
Dinarian Rich B --
The CBI can never revalue for the simple reasons
1. there is over 40 trillion dinar in circulation (over 3 times the worlds money supply) which would instantly bankrupt the country,
2. floating the dinar is the replacement for the daily currency auctions in which the CBI profits. If they were to revalue, they would be short changing themselves on the commissions they can make as the dinar appreciates, and 3. nobody would "buy" it up.
You cannot buy what does not exist.
A float is just like any other country who floats and you can see in those models, nobody is buying up those currencies beyond the international financial environment.
The CBI does expect and want it's currency to traded through the global financial system as well as the markets. Though there has been comments published in the past about a 1 to $1 rate, it was never stated it would occur overnight. In fact, it simply cant
The CBI can never revalue for the simple reasons
1. there is over 40 trillion dinar in circulation (over 3 times the worlds money supply) which would instantly bankrupt the country,
2. floating the dinar is the replacement for the daily currency auctions in which the CBI profits. If they were to revalue, they would be short changing themselves on the commissions they can make as the dinar appreciates, and 3. nobody would "buy" it up.
You cannot buy what does not exist.
A float is just like any other country who floats and you can see in those models, nobody is buying up those currencies beyond the international financial environment.
The CBI does expect and want it's currency to traded through the global financial system as well as the markets. Though there has been comments published in the past about a 1 to $1 rate, it was never stated it would occur overnight. In fact, it simply cant
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Re: Rich B says - There can NEVER be A Dinar RV the way the gurus say
by RamblerNash Wed Nov 15, 2017 10:57 am
The only way the Dinar gets close to a 1:1 is when they do the re-denomination that has been in the plans for years.
At the current CBI rate, the new notes, that nobody has, will be 1.18 to $1 USD.
The notes that everyone has now will be 1,184 to $1 USD.
How many folks still believe that the 1,000 note is going to be worth 1,000 of the new 1 notes?
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