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RV after float!

labdog

By labdog,
in Dinar Rumors

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labdog Newbie

labdog

Posted
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I started buying the ID in 2004 and the dinar was in free float market at that time. I realize that the value was low however, I watched it apprecieate by almost 40%. Then the price got pegged at around 1170 and has been there for quite some time now. Iraq will refloat there currency and the value will go up fast and they may RV within a short period there after. This will all start at any time now and my sources tell me that any RV will occur in January 2013,

After the currency floats (The float could happen in 2012)

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jon29 Newbie

jon29

Posted
Posted

I started buying the ID in 2004 and the dinar was in free float market at that time. I realize that the value was low however, I watched it apprecieate by almost 40%. Then the price got pegged at around 1170 and has been there for quite some time now. Iraq will refloat there currency and the value will go up fast and they may RV within a short period there after. This will all start at any time now and my sources tell me that any RV will occur in January 2013,

After the currency floats (The float could happen in 2012)

:blink::reading1::cigar:

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steveinfla Newbie

steveinfla

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I started buying the ID in 2004 and the dinar was in free float market at that time. I realize that the value was low however, I watched it apprecieate by almost 40%. Then the price got pegged at around 1170 and has been there for quite some time now. Iraq will refloat there currency and the value will go up fast and they may RV within a short period there after. This will all start at any time now and my sources tell me that any RV will occur in January 2013,

After the currency floats (The float could happen in 2012)

Not trying to discredit you however I would like to ask about your sources.... Who are they??

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Dalite Newbie

Dalite

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Posted

I started buying the ID in 2004 and the dinar was in free float market at that time. I realize that the value was low however, I watched it apprecieate by almost 40%. Then the price got pegged at around 1170 and has been there for quite some time now. Iraq will refloat there currency and the value will go up fast and they may RV within a short period there after. This will all start at any time now and my sources tell me that any RV will occur in January 2013,

After the currency floats (The float could happen in 2012)

The dinar was on a crawling peg, as the CBI was decreasing the percentage of inflation and increasing the Foreign Reserves. Once the inflation fell below 10%, the rate stabilized, and returned to a hard peg to the USD.

As long as inflation remains in single digits, and Iraq adheres to IMF guidelines, it is unlikely to see a further float like we saw while inflation was being brought under control.

There is just enough truth in this rumor to give it some legs as far as past float is concerned. That part has merit.

The rest, however, while it may be possible, is not probable.

Your sources wouldn't also be selling Dinar, would they? :o

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