Thursday Midnight Guru Opinions - 4/02/2020

[ronscarpa]

 

4-2-2020   Newshound Guru Adam Montana   ...I still think the GOI can successfully RV at ten cents. It would be most successful with a float, because the ability for IQD to increase more will encourage people to desire IQD over USD because of the opportunity for profits. The USD, after all, is not going to gain in value. Herd mentality kicks in, Iraqi people and outside sources will increase the demand for IQD based on further speculation, and that adds even more value. I do see and agree with some of the logic in the $1.16 argument. I just also see strategic value in a 10 cent + float. With a float, their currency will hold more potential than the USD. But...$1 or higher ($1.16) there is no question - at that rate it is more valuable. Both rates have positive aspects. 

This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's comment in a Mary B posting here on DV: @ .. The central bank clarifies the fact that it is not possible to pay salaries next month

[ChuckFinley]