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Guru Pimpy says - I think what they're gonna do is...put it back to the original rate DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Guru Pimpy says - I think what they're gonna do is...put it back to the original rate

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Guru Pimpy says - I think what they're gonna do is...put it back to the original rate Empty Guru Pimpy says - I think what they're gonna do is...put it back to the original rate

Post by RamblerNash Tue Feb 01, 2022 10:03 pm

Guru Pimpy   

I think if they do change the rate it's going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they're gonna do is...put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that - Iraq is no longer paying Kuwait money.  All that money now stays within Iraq...

...in addition to that the price of oil keeps going up.  Meaning there's going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet...[But] I'm starting to think these increments might be a little higher...with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they're getting a nice  little chunk of money coming right back to them...
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- Similar topics
» Guru Pimpy: "For those of you who don't know - RI is a reinstatement which means they give you back the original rate which was $3.22 for every 1 Iraqi dinar" (Those Were Saddam Dinars! You Have Any Of Those? LOL) 7/24/21
» Guru Pimpy: "I would keep it at this rate to the end of the year and then move it back to the 1190 dinars and then start slow increments increase" (Pimpy's A CBI Consultant Now! LOL) 6/25/21
» Guru Pimpy: "And they said there's no reason for it not to go back to that rate" (They??? Don't "They" Have Names? LOL) 7/26/21
» Guru Pimpy: "As a matter of fact I think they should have already changed the rate back" (Think? But Doesn't Know! LOL) 5/20/21
» Guru Pimpy: "there's no reason for Iraq not to be reinstated back to their former rate of $3.22. They said this. They said it several times..." (Did They? LOL) 7/18/21

 
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