Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Guru Pimpy: "That doesn't make sense...It goes on to say why the hell would Iraq lower their exchange rate that's the opposite of what they should be doing" 3/15/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Guru Pimpy: "That doesn't make sense...It goes on to say why the hell would Iraq lower their exchange rate that's the opposite of what they should be doing" 3/15/20

Go down

Guru Pimpy: "That doesn't make sense...It goes on to say why the hell would Iraq lower their exchange rate that's the opposite of what they should be doing" 3/15/20 Empty Guru Pimpy: "That doesn't make sense...It goes on to say why the hell would Iraq lower their exchange rate that's the opposite of what they should be doing" 3/15/20

Post by RamblerNash on Sun Mar 15, 2020 10:08 pm

Guru Pimpy  

Article:   "Reducing the Iraqi dinar exchange rate - determinants and alternatives"  ...what they're saying is if you devalue the Iraqi dinar then its gonna kill them on imports...They have to spend more money for raw materials.  That's not what they need...they need to increase the value of the Iraqi dinar so that they could get the raw materials needed to rebuild that country.  If you decrease it it's only gonna hurt them.  It's gonna cause inflation because I'm gonna have to produce more money in order to buy more materials...if oil prices are dropping and it's causing your deficit to go up.   If it's causing your budget deficit to increase why would you then turn around and lower the value of your currency?  That doesn't make sense...It goes on to say why the hell would Iraq lower their exchange rate that's the opposite of what they should be doing.  I'm gonna agree with this article...they go on to make this case that decreasing the value of the currency is the wrong move.  It should be increased...


3/15/20
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 19048
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum