MilitiaMan: "The reduction of the EXCHANGE RATE TO THE DOLLAR!! 1000 less three zeros, 1/1" 11/23/20
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MilitiaMan: "The reduction of the EXCHANGE RATE TO THE DOLLAR!! 1000 less three zeros, 1/1" 11/23/20
by RamblerNash Tue Nov 24, 2020 9:44 pm
MilitiaMan
Article Quote: “It is noteworthy that a member of the Parliamentary Finance Committee, Jamal Cougar, said today, Sunday, that the government would resort to reducing employee salaries allocations, in light of the ongoing financial crisis, and the government will also resort to activating collection, taxes and direct deduction from the currency auction.” Reducing salary allocations means they are to be adjusting the exchange rate...Reducing the 000s from the exchange rate means effectively having to pay less currency as the value of it is greater!! Imo . Again, they are not going to tax at a program rate!! Imo
Article: "The Finance Committee sets the red lines available to the government to finance the deficit: borrowing...withholding salaries or printing a currency?" Quote: "the deduction and the reduction of the exchange rate against the dollar are among the red lines..." There it is again...The reduction of the EXCHANGE RATE TO THE DOLLAR!! 1000 less three zeros, 1/1..? ...they are not going to do deductions to salaries with out increasing their purchasing power, imo. This is the second article in 24 hours along the lines of reduction of the exchange rate, i.e., deletion of the zeros...They reduce the exchange rate and those that have foreign reserves are going to get a massive boost in value. The citizens will get purchase power. It is a win win all around...imo.
Article Quote: “It is noteworthy that a member of the Parliamentary Finance Committee, Jamal Cougar, said today, Sunday, that the government would resort to reducing employee salaries allocations, in light of the ongoing financial crisis, and the government will also resort to activating collection, taxes and direct deduction from the currency auction.” Reducing salary allocations means they are to be adjusting the exchange rate...Reducing the 000s from the exchange rate means effectively having to pay less currency as the value of it is greater!! Imo . Again, they are not going to tax at a program rate!! Imo
Article: "The Finance Committee sets the red lines available to the government to finance the deficit: borrowing...withholding salaries or printing a currency?" Quote: "the deduction and the reduction of the exchange rate against the dollar are among the red lines..." There it is again...The reduction of the EXCHANGE RATE TO THE DOLLAR!! 1000 less three zeros, 1/1..? ...they are not going to do deductions to salaries with out increasing their purchasing power, imo. This is the second article in 24 hours along the lines of reduction of the exchange rate, i.e., deletion of the zeros...They reduce the exchange rate and those that have foreign reserves are going to get a massive boost in value. The citizens will get purchase power. It is a win win all around...imo.
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» MilitiaMan says -- if you reduce the dollar exchange rate, it takes more dollars to buy the Dinar! That my friends is the whole enchilada.
» MilitiaMan -- By raising the value of their stock exchange by increasing their exchange rate will be a positive shock
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