MilitiaMan: "They say this is a new development in the dinar exchange rate" 1/9/21
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MilitiaMan: "They say this is a new development in the dinar exchange rate" 1/9/21
MilitiaMan
Article: "Iraqi Finance announces new developments in the dinar exchange rate" They say this is a new development in the dinar exchange rate. Well, fairly sure we can see that this was a part of the plan for some time and they are rolling out that plan...They used the Devaluation on purpose, imo, knowing that there would be effects both of which served a purpose to stimulate the citizens to bring in additional 3 zero notes, citizens feeling that if they devalue again to 1660 they would lose even more purchasing power. ...Regardless the plan was to be short lived and it appears to be the case now As, we see the Finance Minister has promised today to make an amendment to the exchange rate for positive effects and with supportive measures...It sure looks like the process was to devalue ahead of the revaluation to come as part of the plan has legs. The US Fed told us they can Devalue and Revalue and it appears to be holding true.
Article: "Iraqi Finance announces new developments in the dinar exchange rate" They say this is a new development in the dinar exchange rate. Well, fairly sure we can see that this was a part of the plan for some time and they are rolling out that plan...They used the Devaluation on purpose, imo, knowing that there would be effects both of which served a purpose to stimulate the citizens to bring in additional 3 zero notes, citizens feeling that if they devalue again to 1660 they would lose even more purchasing power. ...Regardless the plan was to be short lived and it appears to be the case now As, we see the Finance Minister has promised today to make an amendment to the exchange rate for positive effects and with supportive measures...It sure looks like the process was to devalue ahead of the revaluation to come as part of the plan has legs. The US Fed told us they can Devalue and Revalue and it appears to be holding true.
RamblerNash- GURU HUNTER
- Posts : 24230
Join date : 2015-02-19

» MilitiaMan ...They have to raise the exchange rate of the dinar, not the dollar and this is where we are at...
» 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 says -- they are not doing this now at a program rate. imo.. They are gearing up to use the tools for a new exchange rate
» Militiaman: "The need for them will diminish with a new international exchange rate applied" (What New Exchange Rate? The CBI Isn't Talking About One! LOL) 10/24/21
» Kaperoni says The exchange rate of the Iraqi dinar is the exchange rate of the Iraqi dinar there's no such thing as a program rate. This was guru's twisting words from the IMF 10/22/21
» 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 says -- they are not doing this now at a program rate. imo.. They are gearing up to use the tools for a new exchange rate
» Militiaman: "The need for them will diminish with a new international exchange rate applied" (What New Exchange Rate? The CBI Isn't Talking About One! LOL) 10/24/21
» Kaperoni says The exchange rate of the Iraqi dinar is the exchange rate of the Iraqi dinar there's no such thing as a program rate. This was guru's twisting words from the IMF 10/22/21
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