ronscarpa Posted August 15, 2020 Report Share Posted August 15, 2020 Good Morning Dinar Vets, here's an opinion & comment by Kaperoni that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni *** I believe there are two possible end results for the Iraqi dinar. The first, or the easy way is for them to LOP or re-denominate. The other option, and I would hope that this would be the direction that they would go is to float the currency as Iraq's economy begins to succeed. There is no 3rd option or RV option. There is simply too much currency in circulation for them to significantly overnight RV. Hopefully Iraq will pass the necessary laws to create a suitable investment climate for foreign investors to come in and build a strong market economy private sector. Doing so would create the conditions for the central bank to get off the peg that they are currently on and Float the currency allowing it to gradually appreciate based on sound monetary principles of supply and demand. [post 1 of 2]....stay tuned.. 1 4 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted August 15, 2020 Report Share Posted August 15, 2020 In my mind, I believe they will need to come out 1:1 to de-USD the country. Thoughts? 1 Quote Link to comment Share on other sites More sharing options...
Linda Bower Posted August 15, 2020 Report Share Posted August 15, 2020 cjdavid- sounds like what i have been thinking. Why would they be touting how much better the Iraqi people would be doing if the rate didn't benefit them with added buying power? 1 Quote Link to comment Share on other sites More sharing options...
Johnny Dinar Posted August 15, 2020 Report Share Posted August 15, 2020 No Lop Please!!! I thought they have been reducing currency in circulation... Quote Link to comment Share on other sites More sharing options...
yendor Posted August 15, 2020 Report Share Posted August 15, 2020 It's Iraq. They don't do anything normal. Nobody knows what they will do or when. Just my 2 cents worth. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.