Re: Pimpy says -- No one knows the rate. It is all speculation

by **Ponee** Sun Mar 07, 2021 8:41 pm

Pimpy

  Here's a biggie. Article: "Oil prices jump 5% ... Brent is above $67" ...spring isn't even here yet, we're already at $67...when it comes to the currency obviously if you budget for $45 a barrel and your entire budget's based on that assumption and it's much higher you get much more higher revenue which allows for the deficit to get paid off quicker, allows for a lot more money to be used to build up the private sectors.  These all benefit the Iraqi dinar as the economy begins to grow.

So yeah that's exciting news... People are asking me about the rate... Nobody knows...It's all speculation.  I know people like to equivocal what happened over there in Kuwait with Iraq...There's huge differences...One is the length of time in-between when Kuwait devalued their currency to when it was revalued...Also the amount of Iraqi dinar...out in circulation is way bigger than what was going on over there in Kuwait.  Having said that, that doesn't mean it's not going to happen.

I'm just saying, people go around saying this is the same exact thing. I was one of those people.  There were a lot of similarities between them but then when you start taking other factors into consideration that all play a part in what the dinar rate is going to be...