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Kaperoni: "it appears that Iraq has decided to finally float the dinar" (OMG!!! What An Idiot!) 12/21/20
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Kaperoni: "it appears that Iraq has decided to finally float the dinar" (OMG!!! What An Idiot!) 12/21/20
by RamblerNash Tue Dec 22, 2020 12:04 am
Kaperoni
As we watch events unfold the past week in Iraq, it appears that Iraq has decided to finally float the dinar. Today's initial devaluation appears to be the first step in this process. Many asked me if they floated what would the rate be? I said...right where it is right now! This devaluation hopefully will be the beginning of good things to come. With the initial devaluation to 1460, it should clear the way for Iraq to launch the private sector. And in doing so, begin to create a market economy. The result hopefully will raise the value. Only time will tell. The next several months should tell a story as to whether or not Iraq's economy is going to rebound and take off. Today was the first step...
As we watch events unfold the past week in Iraq, it appears that Iraq has decided to finally float the dinar. Today's initial devaluation appears to be the first step in this process. Many asked me if they floated what would the rate be? I said...right where it is right now! This devaluation hopefully will be the beginning of good things to come. With the initial devaluation to 1460, it should clear the way for Iraq to launch the private sector. And in doing so, begin to create a market economy. The result hopefully will raise the value. Only time will tell. The next several months should tell a story as to whether or not Iraq's economy is going to rebound and take off. Today was the first step...
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Re: Kaperoni: "it appears that Iraq has decided to finally float the dinar" (OMG!!! What An Idiot!) 12/21/20
by Sam I Am Tue Dec 22, 2020 12:35 am
Kaperoni - I'd like a large pizza with Canadian bacon and pineapple.
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Re: Kaperoni: "it appears that Iraq has decided to finally float the dinar" (OMG!!! What An Idiot!) 12/21/20
by RamblerNash Tue Dec 22, 2020 1:01 am
Yesterday from Kap:
Michael Kaperoni
Today's devaluation of the dinar is not a single event. It could be the beginning of the float and there are several articles indicating that in fact the CBI has gotten off the peg and began to float the dinar.
Michael Kaperoni
Today's devaluation of the dinar is not a single event. It could be the beginning of the float and there are several articles indicating that in fact the CBI has gotten off the peg and began to float the dinar.
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