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Breitling: "There will be a hard revaluation and from there it will float based on the market"
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Breitling: "There will be a hard revaluation and from there it will float based on the market"
Breitling
Iraq is going to revalue but you need to watch the trends. It has to be an overall trend…the question is how much and it will take two years once they start that revaluation. From the information that I’ve gotten from what the CBI has stated. There’s going to be a hard revaluation. In other words it’s going to go up a bunch and then it will float from that point on. It will go up or down. There will be a hard revaluation and from there it will float based on the market. That way they can throttle it…it’s to help protect the value of the currency as the market changes…
7/27/18
Iraq is going to revalue but you need to watch the trends. It has to be an overall trend…the question is how much and it will take two years once they start that revaluation. From the information that I’ve gotten from what the CBI has stated. There’s going to be a hard revaluation. In other words it’s going to go up a bunch and then it will float from that point on. It will go up or down. There will be a hard revaluation and from there it will float based on the market. That way they can throttle it…it’s to help protect the value of the currency as the market changes…
7/27/18
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Re: Breitling: "There will be a hard revaluation and from there it will float based on the market"
What exactly is a hard revaluation? The biggest RV in history was under 40% and that took years to carry out. So if a hard revaluation is a large revaluation we're talking about maybe a 5% increase per year. WHOOPEE!!!
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