Guru Francis Albert: "Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N...So, a hit from program rate to something like .86 popping on Forex overnight" 2/8/20
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Guru Francis Albert: "Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N...So, a hit from program rate to something like .86 popping on Forex overnight" 2/8/20
Guru Francis Albert
Obviously...[Guru] Kaperoni is throwing the baby out with the bath water. I don't believe any sensible person believes the Iraqi Dinar is going to go from .00086 to $3.50 overnight. (This is what most believe an RV will be)...What Kap doesn't see, is the forest for the trees. It is obvious to anyone paying attention to the news and three reliable sources that I know of: (The Goat, Frank and Adam Montana) Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N...So, a hit from program rate to something like .86 popping on Forex overnight, (my prediction), is very possible and doable...of course it will "float". All currencies are pegged to the dollar and go up and down as people buy them...And Kap is right. Who knows how long it will take for it to go up from the initial hit? I think a few months can get us to an "interesting" number. But, hey, .86 is pretty darn interesting, but I wouldn't sell at this price. That's my .86 worth today for what it is worth.
2/8/20
Obviously...[Guru] Kaperoni is throwing the baby out with the bath water. I don't believe any sensible person believes the Iraqi Dinar is going to go from .00086 to $3.50 overnight. (This is what most believe an RV will be)...What Kap doesn't see, is the forest for the trees. It is obvious to anyone paying attention to the news and three reliable sources that I know of: (The Goat, Frank and Adam Montana) Iraq is going to take their currency international and take off the program rate instilled by the IMF, U.N...So, a hit from program rate to something like .86 popping on Forex overnight, (my prediction), is very possible and doable...of course it will "float". All currencies are pegged to the dollar and go up and down as people buy them...And Kap is right. Who knows how long it will take for it to go up from the initial hit? I think a few months can get us to an "interesting" number. But, hey, .86 is pretty darn interesting, but I wouldn't sell at this price. That's my .86 worth today for what it is worth.
2/8/20
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» Guru Francis Albert: "As the Iraqi Dinar rises in value after going International on FOREX, the money currency players on FOREX make on a rising Dinar comes from other traders, not Iraq" 3/12/20
» Mnt Goat: "They are considering only the exchange rate as a program rate solely pegged to the US dollar and not as an IMF basket of global currencies and reinstated back on FOREX when traders come to buy" (Reinstate On FOREX But No "RV"? LOL) 7/17/21
» Guru Vital Brad says - when Iraq fully seats their government and the Iraqi dinar is reinstated as a recognized currency on the International market/on the Forex market...it's going to be at a new rate. Similar to the Kuwaiti dinar
» Francis Albert believes -- the Dinar will go officially International on FOREX around $1.00 or so and then gradually go up from there.
» Guru Francis Albert: "they can make this work for Iraq with taking up to ten years for Iraq to pony up" 10/13/19
» Mnt Goat: "They are considering only the exchange rate as a program rate solely pegged to the US dollar and not as an IMF basket of global currencies and reinstated back on FOREX when traders come to buy" (Reinstate On FOREX But No "RV"? LOL) 7/17/21
» Guru Vital Brad says - when Iraq fully seats their government and the Iraqi dinar is reinstated as a recognized currency on the International market/on the Forex market...it's going to be at a new rate. Similar to the Kuwaiti dinar
» Francis Albert believes -- the Dinar will go officially International on FOREX around $1.00 or so and then gradually go up from there.
» Guru Francis Albert: "they can make this work for Iraq with taking up to ten years for Iraq to pony up" 10/13/19
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