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Monday Night Opinions @ 8:58 PM CST - 12/21/2020


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Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. :twothumbs:RON

 

 

12-21-2020   Newshound  MilitiaMan  Article:  "Lowering the price of the currency .. What are its implications for the national economy? The adjustment to 1460 is a devaluation. They are not going into a market economy with that. They didn't at 1190, so with the further negative adjustment they won't either imo...the US FED RESERVE says they can...devalue and revalue. A revaluation to a supported market based exchange rate can change things quickly and on many fronts...


12-21-2020   Newshound tman23  Seen the IQD devaluation on ABC news, and to take place after first of the year. Quite frankly, not a surprise or shock due to the fact Shabibi said the change to currency and lifting the 3 zeroes MUST COME AT THE START OF THE NEW YEAR and not in a quarter or middle of the year. The New Year is because banks start their books for the fiscal year and this is the only time this change can occur. A few years ago the budget calculated that a rate might be around 67 cents, today, today’s conditions might take them to 58 cents or thereabouts...Anyhow it’s all speculation but what isn’t is a change after the New Year...A positive part is now to remain anonymous, you can walk into your Bank wearing a mask and not be questioned or look suspicious LMAO...


12-21-2020   Newshound Jeff   Iraq just basically came out saying that the value of the dinar against the dollar has devalued...devaluing the currency, which is reducing purchasing power - it's a last-ditch effort to squeeze the three zero notes out of the citizens.  That's all this is...a last-ditch effort to reduce the amount of dinar in the county of Iraq...it's nothing more than a distraction to mislead us, confuse us and to get us to get rid of our dinar...



12-21-2020   Newshound Kaperoni  As we watch events unfold the past week in Iraq, it appears that Iraq has decided to finally float the dinar.  Today's initial devaluation appears to be the first step in this process.  Many asked me if they floated what would the rate be?  I said...right where it is right now!  This devaluation hopefully will be the beginning of good things to come.  With the initial devaluation to 1460, it should clear the way for Iraq to launch the private sector.  And in doing so, begin to create a market economy.  The result hopefully will raise the value.  Only time will tell. The next several months should tell a story as to whether or not Iraq's economy is going to rebound and take off. Today was the first step...

 

 

:tiphat:

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Well, the Gurus  FINALLY  got it right. They SAID that there would be a rate change around the 21st of December and sure enough, the rate changed...... In the wrong direction, but it DID change. Qudos to them for finally being right for the very first time.

 

 

But, on a brighter note, I wonder if this is Iraq's plan...... to put fear into a lot of Dinar holders to sell off some or all of their Dinar so that when the rate goes our way (SOON), they will have a lot less to "pay out". Hmmmm, just a thought.

 

I DO hope that this drop in value didn't entice some to buy more..... which is logical in the buy low sell high mindset. Don't be greedy, folks. Remember, hogs get fat, but pigs get slaughtered. Just own as much Dinar as you can afford to lose.

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Our buddy Jeff had a swing and a miss.. “Iraq can only change the rate around the end of their fiscal year, which is April 1st to March 31st.

 

and when it happened Sunday he changed his tune to “well, that was a small change”... umm no Jeff, if you lost 20+% purchasing power of your money overnight, I doubt you would think that it was a small change..

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16 minutes ago, GregHi said:

Our buddy Jeff had a swing and a miss.. “Iraq can only change the rate around the end of their fiscal year, which is April 1st to March 31st.

 

and when it happened Sunday he changed his tune to “well, that was a small change”... umm no Jeff, if you lost 20+% purchasing power of your money overnight, I doubt you would think that it was a small change..

Yeah but, he proved it to us factually.. 🤦

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2 hours ago, yendor said:

I DO hope that this drop in value didn't entice some to buy more..... which is logical in the buy low sell high mindset. Don't be greedy, folks. Remember, hogs get fat, but pigs get slaughtered. Just own as much Dinar as you can afford to lose.

Actually , that is a good advice for dinar investors not to be greedy. But as long as the dinar dealers and ebay still sell them, then there will always be buyers. That is just about supply and demand. Unless they stop selling them , then may be that is the sign of rv coming within a day,  like one day before the rv comes.

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1 hour ago, GregHi said:

Our buddy Jeff had a swing and a miss.. “Iraq can only change the rate around the end of their fiscal year, which is April 1st to March 31st.

 

and when it happened Sunday he changed his tune to “well, that was a small change”... umm no Jeff, if you lost 20+% purchasing power of your money overnight, I doubt you would think that it was a small change..

Obviously we weren't trained well. Lol

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3 hours ago, yendor said:

But, on a brighter note, I wonder if this is Iraq's plan...... to put fear into a lot of Dinar holders to sell off some or all of their Dinar so that when the rate goes our way (SOON), they will have a lot less to "pay out". Hmmmm, just a thought.

You are half right and half wrong. It depends on each individual. If people need the cash very badly and desperately for whatever reasons, then they will sell their dinars for dollars. If not, then they will still keep and hold them until the rv comes.

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