Luigi1 Posted September 15, 2015 Report Share Posted September 15, 2015 Luigi says... If this article has any meat to it, we could see an immediate minor devaluation at any time. Could this be the so called sucker rate prior to the full blown RV the Intel Newshounds were talking about? Your views on this article. Treat as a rumor until the article is authenticated... CBI Cheif Sees Limited Risk Of Dinar Devaluation RO: Central bank Governor Ali Mohsen Ismail said Iraq has enough foreign reserves to maintain its currency peg but didn’t rule out a minor devaluation to shore up government revenue hurt by the slump in oil prices and the war on ISIS militants. Reserves are enough to cover more than six months of imports, higher than what is typically needed to maintain the exchange rate, Ismail said in an interview in Cairo Sunday. This year’s budget deficit will likely be lower than the 25.4 trillion dinars ($20.9 billion) originally planned because the Finance Ministry is already cutting spending, he said. “There is no fear for the dinar,” the governor said. However, if “the pressure remains, we could marginally change the exchange rate to increase revenues of the Finance Ministry,” he said. “This is just an option that needs to be carefully studied because we don’t want to give away what we have achieved in terms of the inflation rate, which is perfect now.” Could we see .10 cents out the gate? 11 3 Link to comment Share on other sites More sharing options...
moose 57 Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) Why would you get a - evened you out. I know why, but this isn't bs people- shame If someone else posted this, there would be +'s everywhere! Edited September 15, 2015 by moose 57 2 Link to comment Share on other sites More sharing options...
amal Posted September 15, 2015 Report Share Posted September 15, 2015 Why wouldnt he get a neg? He posts nonsense all day every day. Here is an article talking about a devaluation of the dinar. He asks if this is possibly a sucker rate and asks if we could see 10 cents out of the gate. The dinar is currently worth 1166 per dollar and the article is talking about lowering it even more, not increasing it to 10 cents. Sure the article warrants a post in the NEWS section but its just an opinion piece. Luigi has resorted lately to even making crap up himself like posting currency converter screen shots where its conveniently been set at 10,000 dinars vs other currencies in fine print to add to the confusion. I dont believe he believes anything he posts, he clearly gets off on feeding into the dumb masses that follow some of the gurus. 5 5 Link to comment Share on other sites More sharing options...
davis411 Posted September 15, 2015 Report Share Posted September 15, 2015 gave luigi a plus well just for being luigi 3 Link to comment Share on other sites More sharing options...
moose 57 Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) Why wouldnt he get a neg? He posts nonsense all day every day. Here is an article talking about a devaluation of the dinar. He asks if this is possibly a sucker rate and asks if we could see 10 cents out of the gate. The dinar is currently worth 1166 per dollar and the article is talking about lowering it even more, not increasing it to 10 cents. Sure the article warrants a post in the NEWS section but its just an opinion piece. Luigi has resorted lately to even making crap up himself like posting currency converter screen shots where its conveniently been set at 10,000 dinars vs other currencies in fine print to add to the confusion. I dont believe he believes anything he posts, he clearly gets off on feeding into the dumb masses that follow some of the gurus. We know it's Lougi1, we know he posts nonsense, but not every time... Just because it says Moose 57 doesn't mean I am posting a joke! (Lougi1 & myself are about equal on that)! Edited September 15, 2015 by moose 57 3 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted September 15, 2015 Report Share Posted September 15, 2015 wait a minute...we do NOT have to post jokes??? I thought that was the only reason Adam lets me stay 2 Link to comment Share on other sites More sharing options...
moose 57 Posted September 15, 2015 Report Share Posted September 15, 2015 (edited) wait a minute...we do NOT have to post jokes??? I thought that was the only reason Adam lets me stay Glad I'm not the only one! Seriously!!! (Not)!!! Edited September 15, 2015 by moose 57 Link to comment Share on other sites More sharing options...
vomer Posted September 15, 2015 Report Share Posted September 15, 2015 That's a sweet kittums. Link to comment Share on other sites More sharing options...
Texas1 Posted September 16, 2015 Report Share Posted September 16, 2015 How do you devalue toilet paper? sandpaper by charmin 1 Link to comment Share on other sites More sharing options...
DinarThug Posted September 16, 2015 Report Share Posted September 16, 2015 How do you devalue toilet paper? Just Wipe With It ... 3 Link to comment Share on other sites More sharing options...
Texas1 Posted September 16, 2015 Report Share Posted September 16, 2015 Just Wipe With It ... Lol 1 Link to comment Share on other sites More sharing options...
boosterbglee Posted September 16, 2015 Report Share Posted September 16, 2015 Does the ink come off? Link to comment Share on other sites More sharing options...
DinarThug Posted September 16, 2015 Report Share Posted September 16, 2015 Does the ink come off? Only If U 'Apply Urself' ... Link to comment Share on other sites More sharing options...
Man_Kind Posted September 16, 2015 Report Share Posted September 16, 2015 Just watch out for paper cuts ! Link to comment Share on other sites More sharing options...
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