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A question about rate and Kuwait DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

A question about rate and Kuwait

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Post by Johnnie270 Mon Feb 27, 2012 4:36 pm

Hi Gang

My first post and I must admit I am completely ignorant of finance, currency speculation. I am learning a great deal just reading everyones posts. I am invested in Iraqi Dinar and holding. one thing that makes at lot of sense to me is that the Iraqi Dinar will come in within 10-20% of the Kuwaiti Dinar. This sounds sensible to me; so I ask this question in earnest. If the the Iraqi Dinar Revalues at $12.36 as stated by Okie. How is this possible and how would it affect the region especially Kuwait that hold lesser valued currencies?

Thanks

Johnnie

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Post by Ponee Mon Feb 27, 2012 4:54 pm

Split from Good Monday Morning Post

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Post by Kevind53 Mon Feb 27, 2012 5:11 pm

Very good questions, but I am afraid I, and I doubt anyone else here can provide good answers. I suppose the answer would be that it's wealth in natural resources would support it. Personally, I expect to see it somewhere between a little over one to a little under 4. Will I party like mad if it comes in higher? You bet, but based upon what I have seen that range seems IMHO to be the most reasonable. Is it fun to imagine a 12.36 RV? Oh yea, I have had a ball playing what if, but I will be amazed if it happens.

There are those who will argue the LOP theory. I am not so sure, I know, I know what the articles have been saying, but I also have tried to wade through them and know how ambiguous the language is. In reality, we are all guessing, like it or not, and we will be until it actually happens. Unless of course you happen to be fluent in the language and can understand all the nuances and hidden meaning. Even then there is the question, are they telling the truth or what they want us to hear? But in the meantime, I think the RI/RV theory is most convincing to me.

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