Jeff says that the devaluing of the Iraqi dinar is just a band-aid...this is not a "rate change"..
2 posters
Page 1 of 1
Jeff says that the devaluing of the Iraqi dinar is just a band-aid...this is not a "rate change"..
by Ponee Sun Dec 20, 2020 11:16 pm
Jeff
Iraq did indeed changed their exchange rate today [Devalued to 1460]...it's really not a big deal...Why did Iraq do this? Iraq's inflation was sliding a little bit. It was rising...up to about .8%. That's the reason they devalued it. They still have very low inflation. They're still below 1%. So they just had to devalue the currency a little bit...this is nothing major...this move has nothing to do with economic reforms. This is just a band-aid...this is not a "rate change"...this is nothing more than a hiccup...
Iraq did indeed changed their exchange rate today [Devalued to 1460]...it's really not a big deal...Why did Iraq do this? Iraq's inflation was sliding a little bit. It was rising...up to about .8%. That's the reason they devalued it. They still have very low inflation. They're still below 1%. So they just had to devalue the currency a little bit...this is nothing major...this move has nothing to do with economic reforms. This is just a band-aid...this is not a "rate change"...this is nothing more than a hiccup...
Ponee- Admin
- Posts : 38218
Join date : 2011-08-09 
Re: Jeff says that the devaluing of the Iraqi dinar is just a band-aid...this is not a "rate change"..
by Sam I Am Mon Dec 21, 2020 2:44 am
"A little bit"??? This is the biggest devaluation in the history of the dinar! And you don't devalue to combat inflation. You RAISE the value, like they did in January of 2012 when inflation was spiking. They raised it 1/3 of 1% from 1166:1 to 1170:1. Prior to that they raised the value 26% over a 26 month period (11/1/06 to 01/1/09) to bring inflation down from over 50% to under 10%. Jeff is just as big an idiot as the rest of them.
Sam I Am- GURU HUNTER
- Posts : 1747
Join date : 2016-01-21 -
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Holly Quits With The Intel Again! (Awe! Pinocchio's Nose Got Too Big And She Got Caught With Her LIES! LOL) 9/16/21
» MarkZ: "Rates are continuing to pop in and pop out on bank screens" (It's Guru Magic! LOL) 9/16/21
» Kaperoni Corrects Frank26! (You'd Think Frank Would Know This By Now! LOL) 9/16/21
» Bruce: "we know the currencies all 27 – are on the bank screens and actively loaded – locked in – as of yesterday – morning" (So Everyone Can Go To The Bank And See Them Then? LOL) 9/16/21
» Judy: "On Thurs. evening 16 Sept. emails would go out globally for Tier 4 B" (Stay Up All Night Glued To Your Inbox! Hmmm...Do The Chinese Elders Have Your Email? LOL) 9/16/21
» MarkZ: "Money is still being seen but is being held up" (Oh? Can Anybody See It Or Is It Just The Scammers Who Do? LOL) 9/16/21
» Billions of dollars were smuggled outside Iraq, PM al-Kadhimi reveals
» "Mission Impossible": Al-Maliki as PM for a third term
» Iraq has recovered $38 million from abroad
» For the second day in a row, CBI sales in the currency auction continue to decline
» Dollar exchange rates in Iraq
» Egypt: We will not hesitate to help Iraq recover its looted money
» Minister of Oil: Iraq seeks to develop and develop bilateral relations with brotherly and friendly countries
» Central Statistics: Government directive to allocate an amount in the 2022 budget for the population census
» The Central Bank: Financing projects is linked to their developmental importance
» Ruble Strengthens After Russia Finance Minister Confirms Government Intervention
» Frank26: "THERE IS A 90 % CHANCE THIS IS MY LAST WEEK OF UB2B'S WITH YOU" (100% Chance He Is Lying! LOL) 9/14/21
» Soverign Citizen April LaJune's Latest Scam
» Frank26: "...A new exchange rate is coming with a new currency" (Yep! That's All Over Iraqi TV LOL) 9/15/21
» Guru Petra: "We believe they passed that budget [2022] at the Council of Ministers meeting on that Saturday" (Guess Again! LOL) 9/15/21
» Bruce: "tomorrow is supposed to be a BIG DAY..." (Was It? LOL) 9/15/21
» Militiaman: "at this stage in the game we've gotten to a certain point...of digital transformation" ((And That Was The Hold Up Years Ago For The RI/RV To POP? LOL) 9/15/21
» Mnt Goat: "...they are clearly talking about a pathway to returning the dinar to its glory days prior to the 1990’s invasion" Oh? What's The "White Page" Page Number? LOL) 9/15/21
» Frank26: "Your [Iraqi citizens'] government is now buying and selling your oil in Iraqi dinars based on an RV calculation" (Yep! Frank Has Lost His Marbles! LOL) 9/15/21
» Judy: "On Friday 17 Sept. Tier 4B and Tier 5 could begin appointments" (Email Notifications Were Sent Out 2 Months Ago. Is That What They Said? LOL) 9/15/21
» Holly: "The introduction of the gold/asset-standard and the RV will happen simultaneously" (This Is Why Holly Is A Dingbat! LOL) 9/15/21
» MarkZ: "I know what I am hearing so a lot of the other folks on the boards" (MarkZ Gets His Nonsense Intel From Forums And Chats? More Proof It's All A Scam! LOL) 9/15/21
» President of the Republic: Corruption is a complementary system to terrorism
» An economic specialist for / Nina /: The political will and America are the ones who are able to return the smuggled money
» Iraq lowers the price of crude oil for the Americas
» CBI sales in the currency auction decline on Wednesday
» Dollar/Dinar exchange rates inched up in Baghdad
» Planning Minister: We will reduce external borrowing to its lowest level
» Iraq indicates weakness in international efforts to recover looted funds
» Al-Kazemi announces that Iraq will recover part of its looted money
» Iraq's calculations in July portend great danger: the state is unable to find an alternative to oil
» Integrity Commission: 186 lagging projects in 11 governorates, worth $1.36 billion
» MarkZ: "Rates are bouncing around on screens again. The rates are all over the board" (Does That Old TNT Gag Still Work? LOL) 9/14/21
» Guru Petra: "That is an indication that they had de-pegged from the U.S. dollar" (Fact Check! Nope! LOL) 9/14/21