Adam Montana: "There is no “deadline” that they are bound to"

by **RamblerNash** Fri Feb 01, 2019 11:13 am

Adam Montana

Question: Is Iraq going to "lop"? In the case of Iraq, one of 3 things is going to happen eventually, with “eventually” being either immediately, next week, or maybe a year from now. There is no “deadline” that they are bound to, nor will there ever be one in the current political and economic climate. Certainly there will be factors that could encourage Iraq to move faster or bide their time, but there is no entity or force on the planet that can force Iraq to make any changes to their monetary policy. Like I said at the start, Iraq will do one of three things...

...these things are: 1. RV (ReValue) 2. Lop (remove some zeros, either from the exchange rate or the denominations) 3. Nothing.   ...my opinion of our possible outcomes in this situation is this: 79% chance we see a change in the value upwards in the near future. 20% chance they do nothing other than maintain the status quo (for now). And a slight 1% chance of a lop. Personally...I like love those odds, and I'm sticking it out. I'm also preparing for the eventual change in value...

2/1/19