Guru Pimpy: "...and decrease the rate so the value goes back up for dinar holders" (The CBI Cares About Dinar Holders? LOL) 12/28/20
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Guru Pimpy: "...and decrease the rate so the value goes back up for dinar holders" (The CBI Cares About Dinar Holders? LOL) 12/28/20
by RamblerNash Mon Dec 28, 2020 11:03 pm
Guru Pimpy
Article: "Today, Sunday, relative stability in the exchange rate of the dollar in the local markets" ...The rate was changed to 1450 dinars for every 1 dollar but the exchange rate on the stock exchange it's actually performing pretty good. It bounces somewhere between 1410 and 1430. That means the dinar is stronger than they had pegged. So it's doing very well in the markets.
Article: "An advisor in the central bank determines its orientations regarding the exchange rate and the possibility of changing it again" ...technically what they said [before] was they would only devalue the dinar one time not change the rate...I thought this devaluing of the dinar was only a short-term thing. It just didn't make sense to me especially since they had so much building to do and how it disproportionately affected the poor. So now it looks like there's already going to be pressure on them to go ahead and decrease the rate so the value goes back up for dinar holders...
Article: "Today, Sunday, relative stability in the exchange rate of the dollar in the local markets" ...The rate was changed to 1450 dinars for every 1 dollar but the exchange rate on the stock exchange it's actually performing pretty good. It bounces somewhere between 1410 and 1430. That means the dinar is stronger than they had pegged. So it's doing very well in the markets.
Article: "An advisor in the central bank determines its orientations regarding the exchange rate and the possibility of changing it again" ...technically what they said [before] was they would only devalue the dinar one time not change the rate...I thought this devaluing of the dinar was only a short-term thing. It just didn't make sense to me especially since they had so much building to do and how it disproportionately affected the poor. So now it looks like there's already going to be pressure on them to go ahead and decrease the rate so the value goes back up for dinar holders...
RamblerNash- GURU HUNTER
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