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:

Kaperoni  says --  if they were to LOP it would be a neutral event. No loss, no gain.  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni says -- if they were to LOP it would be a neutral event. No loss, no gain.

Go down

Kaperoni  says --  if they were to LOP it would be a neutral event. No loss, no gain.  Empty Kaperoni says -- if they were to LOP it would be a neutral event. No loss, no gain.

Post by Ponee on Sat Oct 03, 2020 9:03 pm

Kaperoni  


 ...a LOP is not something that the Central Bank of Iraq can just do... it requires parliamentary approval because it changes the face value of the banknotes. Personally, I do not think a LOP (redenomination) is the plan. There is too much talk about floating the currency and allowing it to at least initially to devalue to save money.  This is not what investors want to hear...But I expect Iraq to follow the IMF directives.  As the IMF said...send a positive message to the investor community and facilitate a favorable business climate.


 [So if it’s a LOP, my 3,500,000 Dinar is worthless.]  No, if they were to LOP it would be a neutral event. No loss, no gain. And the dinar can always appreciate thereafter.

*****************
Ponee
Ponee
Admin
Admin

Posts : 37426
Join date : 2011-08-09

View user profile

Back to top Go down

Back to top


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