Guru Kaperoni says Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
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Guru Kaperoni says Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
by Ponee Tue Aug 13, 2019 8:42 pm
Guru Kaperoni
...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.
08.14.2019
~~~~~~~~~~~~~~
Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
08.12.2019
...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.
08.14.2019
~~~~~~~~~~~~~~
Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
08.12.2019
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