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Showing results for tags 'a rate at 1 to $1 or higher !'.
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CNN. Broadcasting While Getting Overly Excited ! 1-30-2017 Newshound Guru Kaperoni Article: "A source reveals for "tomorrow Press" about the size of the cash reserve at the central bank" Quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." Don't get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread...but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as "former glory" next year or the year after as the dinar appreciates gradually. 1-30-2017 Newshound Guru wmawhite Article quote: "the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh." It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. ...the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD...it determines its value.
