Pimpy says -- I'm expecting news on the Iraqi dinar any day now.
Page 1 of 1
Pimpy says -- I'm expecting news on the Iraqi dinar any day now.
by Ponee Sat Nov 14, 2020 8:46 pm
Pimpy
the reforms are supposed to take place between 3 to 5 years...it's great. the economy grows. Their economy grows their currency becomes stronger. As their currency becomes stronger ours [U.S. Dollar] becomes weaker and that means our exchange rate change benefits those who hold Iraqi dinar.
..talking to my friends in the currency world, there is a lot of speculation back and forth on what a Biden Administration means to the exchange rate happening for the Iraqi dinar. Again it goes back and forth. It's all speculation. Some people say it doesn't matter. The rate change is the rate change. But then you got other people...there is concern expressed at some high levels. Either way here's my thing...everybody is only speculating...we don't know what's going to happen...I'm expecting news on the Iraqi dinar any day now. Hopefully good news and I'll be able to share it.
This is my opinion and my opinion only...whatever is going to happen needs to happen quickly...the truth of the matter is whenever the discussion of the rate change happens, it's done in a very very small group of people. If they decide to do it, one person will call it and make it happen. You won't even be aware of it until people start blowing it up all over social media. We have no idea what's holding it up or why it hasn't gone forward. There is a lot of speculation that it might happen between now and the end of the year...I understand why. That would be nice. But there is no proof of that...stay grounded.
the reforms are supposed to take place between 3 to 5 years...it's great. the economy grows. Their economy grows their currency becomes stronger. As their currency becomes stronger ours [U.S. Dollar] becomes weaker and that means our exchange rate change benefits those who hold Iraqi dinar.
..talking to my friends in the currency world, there is a lot of speculation back and forth on what a Biden Administration means to the exchange rate happening for the Iraqi dinar. Again it goes back and forth. It's all speculation. Some people say it doesn't matter. The rate change is the rate change. But then you got other people...there is concern expressed at some high levels. Either way here's my thing...everybody is only speculating...we don't know what's going to happen...I'm expecting news on the Iraqi dinar any day now. Hopefully good news and I'll be able to share it.
This is my opinion and my opinion only...whatever is going to happen needs to happen quickly...the truth of the matter is whenever the discussion of the rate change happens, it's done in a very very small group of people. If they decide to do it, one person will call it and make it happen. You won't even be aware of it until people start blowing it up all over social media. We have no idea what's holding it up or why it hasn't gone forward. There is a lot of speculation that it might happen between now and the end of the year...I understand why. That would be nice. But there is no proof of that...stay grounded.
Ponee- Admin
- Posts : 37829
Join date : 2011-08-09 
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Advisor Al-Kazemi: The disappearance of the global oil surplus will spare the budget borrowing
» Deputy: two subjects. If the blocks had agreed upon them, the budget would have been passed in one session
» Deputy: The devaluation of the Iraqi currency is very dangerous, and the political blocs agreed to raise the dollar
» The Presidency of the Kurdistan Region announces the details of the meeting of Nechirvan Barzani and the Pope of the Vatican
» “Finance” Iraq adopts controls for technology contracts from banks, agencies and affiliated companies
» Housing loans and the problem of localization - untapped banking
» Sources for «Economy News»: The government is working to establish a customs checkpoint around Baghdad
» “Continuous movement” ... Member of Parliament: Parliamentary signatures submitted to restore the dollar’s exchange rate
» After meeting Pope Francis and Sistani "Al-Kazemi" sets March 6 as a national day for tolerance and coexistence in Iraq
» Al-Rafidain is preparing to contract with it .. The Central Bank grants a company a license "outside the controls" (documents)
» A parliamentary source is likely to include the budget law on the agenda of next Thursday's session
» The Ministry of Finance issues directives to its departments
» Parliamentary integrity: We will have to pass the budget with the political majority
» THE BOARD OF DIRECTORS OF THE ARAB MONETARY FUND HOLDS ITS 98TH MEETING
» The Iraqis came together hand in hand ... a historic mission accomplished by Pope Francis in his visit to Iraq
» Al-Halbousi: The Iraqi parliament votes on the 2021 budget law within days
» Representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget
» the dinar scam is back!!!!
» Guru Pimpy: "The auctions will cease forever this year" 3/4/21
» Footforward: "Some people feel it will go higher over time" 3/4/21
» Frank26: "It was rather brilliant to lower the value" 3/4/21
» Guru Jeff: "they started talking about increasing the exchange rate of the dinar against the dollar about a week ago Monday...wow!" 3/4/21
» Footforward: "So much is coming together now" 3/3/21
» Guru Jeff: "Saturday March 20th...24 hours before they change their rate" 3/3/21
» RayRen98: "Several banks have reported seeing rates on their screens and our Treasury contacts are now confirming such sightings" (But Where? LOL) 3/3/21
» Walkingstick and Frank26: "a few days later after that you've going to see more articles from the CBI with information on the face value of the new small category notes" 3/3/21
» Guru Jeff: "Iraq has one step left...for them to literally complete the '21 budget before they change the rate" 3/3/21
» The TNT Team Post The Rates! 3/4/21
» The Big Call w/ BS Bruce - Intel Highlights 3/4/21
» Copy Cat Judy Update (Like That Makes It True LOL) 3/4/21
» Fleming: "Redemption centers have been given exchange schedules for Tier 4B to start" (Never Ending Start Dates, HUH! LOL) 3/4/21
» MarkZ: "They have enough stability to pull that trigger…they have enough backing for their currency" (Who Are They? LOL) 3/4/21
» OKIEOILMAN UPDATE via Dinares Gurus 3/4/21
» Mnt Goat News Brief - (Guru Portion Only) 3/4/21
» Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves
» Al-Halbousi: The budget bill will be in the coming days on the Parliament's agenda for voting on it
» Al-Kaabi calls for a serious stand to restore the dollar’s exchange to its previous / expanded rate
» Including Iraq .. 5 Arab countries are threatened with famine due to the collapse of the currency
» Member in Parliamentary Finance: No one knows when the budget will be voted until Al-Halbousi