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Many Gurus Say Free Float Then A Managed Float.


Luigi1
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Luigi says...
If these guys know what they are talking about, the RV will have a slow gradual increase, not an overnight event.
If true, exchange enough to get you by, then hold off for 90 days for the big payload.
What say you? Not verified. Your opine.
 
 
 
10-17-2017   Intel Guru Frank26   IMO...THE RI  IS COMING...AND INTROS A FREE FLOAT...THEN FOR ABOUT 70 TO 80 DAYS LATER THEY WILL CAP WITH A CONTROLLED FLOAT OF THE RV...  [RI to a free float, then to a cap where it will be managed. Once they reach the cap rate, do you think it will stay in that range or drop back down?]  FIRST OF ALL...RI IS THE FREE FLOAT... NOT TO IT...TIME IS NOT REQUIRED FOR THAT PHASE...SECOND ...ONCE CAPPED AT PEAK OF RV IS BECAUSE THE IQD WILL...NEVER NEVER NEVER EVER GO DOWN ONCE AT RI / RV.  [Is the RV the same as an international rate?]   WELL...I SUPPOSE...FOR AN RV INTRODUCES THE IQD TO THE INTERN MARKETS THAT WANT TO GET THEIR HANDS ON IT TO USE IT IN TRADE ...BUYING AND SELLING WHICH WILL ROCKET THE VALUE OF THE IQD INTERNATIONALLY.  [This is not meant to be a rate...What opinion do you...have that will be the high vs low for Iraq’s currency at his peak rate post RV?]   IMO...RI   1  RV  4...
 
10-16-2017   Newshound/Intel Guru Randy Koonce  So learning from the mistake that Kuwait made, the CBI said the 'Float' will be 'Managed'... What does Managed mean?... if you look at the currency now and realize it has been this price for at least 10 years - that's a Managed Float! ... They control the rate.... they peg it off of the Dollar and the British Pound so that it will not move unless they want it to. Which is the reason they will need to RV the currency to get the rate they need...Are there any Laws that need to be passed before they let this go? NO!  Everything is just waiting on Iraq to do this 'Thing'!  Do not get discouraged! Just put on your big girl panties (or big boy, as the case may be) and let this happen. Be happy about the timing... We are close. Every large bank will exchange.. RELAX the RV is coming... Breathe,,, Check www.cbi.iq every day to see if it has changed.  
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Luigi says...

here's another article related to the above...

We may be looking at .10 cents out the gate,  then a hard float to near $3 in 90 day. IMO.

 

10-17-2017  Randy Koonce...

The only reason he did not pull the trigger on it sooner, was because Iraq wanted and needed a higher rate, and he didn't want to give it.  Bottom line - It's all been politics!... Speaking of Rate: We understand that Iraq has been given option to choose their Rate with Trump. So, the Range is 2.00 to 3.71. The only way to know what it will be, is wait until it comes out... Some say .10 cents and float it up.... Well, Kuwait did that and for that very reason, this will not happen.

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30 minutes ago, mr.unlikely said:

A currency can only be pegged to one currency at a time unless its pegged to a basket of currencies, which the dinar is not. Even then it would be the average value to of the basket, like the SDR basket, but the dinar is not. It is pegged to the dollar only

 

 

Well stated. Iraq is still under control of the US & UN.

Iraq hinted many times about de-pegging from the USD after sanctions are lifted.

More than likely be based on the averages with the USD, EURO, YEN, Pound Sterling, YUAN, Oil & Gold.

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here's another article related to the above...

Another source suggests a float away from the USD.

 

 

 22 Oct 2017  from around the web.... 

Next, once the newer 3 zero notes replaced the old Saddam notes, they had to slow down and stabilize the economy somehow. How did they do this? They did this by issuing the news notes along with instituting the a “de facto” peg of these notes to the US dollar. This was pegged to the US dollar only and not the British pound.  The CBI and IMF have told us this countless times already in articles and news. Next, this “de facto” peg is not a float and is not even close to a float the IMF has talked about putting the Iraqi dinar on, once they move the currency out of sanction restrictions (which I believe they are now doing) and back to “full” international status. I don’t care to get fussy in what specifically they will call the float they will use but it will be a “fixed float” in that the market will determine the value based on supply and demand for the currency. In other words, they will fix an initial value and let the market drive it. 

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