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Wednesday Afternoon Opinions @ 3:45 PM CDT - 12/23/2020


ronscarpa
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Good Afternoon 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

 

 

 
Frank26   We have a change in the Iraqi dinar but it was a decrease.  You took away purchasing power?  ...this is a great misdirection.  A great head fake...China and Kuwait did the same thing.  This is brilliant.  Masterful... the exchange rate is going to change again.  It's not going to stay at 1450...
 

Pimpy   Article:  "The exchange rate of the dollar in Iraq go down to 140 thousand per 100 dollars We're seeing an appreciation of the dinar.  What I mean by that is they set the rate at 1 dollar for 1450 dinars.  Already it went from 100 dollars for 145,000 to 140,000.  That's a 5,000 difference already.  That's not major but...it looks like it's starting improve...let's see if this stays consistent.  Let's see if the number of dinars continues to go down.  That's what we want to see...


Frank26   There are many layers to what's going on.  Let's start pealing them back one at a time.  First of all this is going to get rid of speculation...this is very powerful this devaluation.  It deters.  It puts off whales and sharks.  The devaluation is a one time movement for a reason.  The reason is monetary reform.  Did you notice in the last 3 days that this has come out none of the articles are saying this is permanent - This is the exchange rate forever and ever.  No...It's a monetary financial rate for another rate that is about to follow...(post 1 of 2)...

 

Frank26   ...IMO they are over trying to collect the 3 zero [notes]...they are determined to bing in more zeros.  You can't blame them.  The more zeros they leave out there the more money they're going to lose...this is a defensive posture of the CBI to discourage the onslaught of investors buying their currency at a program rate.  They would much rather sell it to everybody after they have changed the rate...(post 2 of 2)..

 

Jeff  They claimed they devalued their currency was because the dinar had devalued against the US dollar.  Let's look at the truth in this because I'm telling you Iraq's lying to you...they're telling you the dinar against the dollar is 1460 per dollar.  Let's look at Forex...It still tells you on Forex - 1190 dinar equal to 1 U.S. dollar...Forex doesn't lie...this is just a further strategy for the [Iraq] government to squeeze the 3 zero notes out of the citizens.  That's exactly what this is...
 
 

Footforward   [1450 could mean a rate of 1.45 IQD to the dollar]  ...This isn't financial or investment advice, and is my opinion. I expect the rate to be higher. :twothumbs: 

 
:tiphat:
 
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1 hour ago, trident said:

true...

 

Just to clarify & keep you informed - it was a statement by Jeff, posted by ronscarpa ... the IQD is NOT traded on Forex. The values indicated on Forex are an "approximation" primarily based upon the USD. It also shows other exotic currencies that are not traded on Forex as well. Forex is not the definitive determination of value for the IQD, only the CBI. Once it goes international and is traded on Forex, then we have a platform for exchange that banks will use. I hope this helps...:salute:RON 

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it is still 1190 iqd=0.00084 us.

 

IQD - Iraqi Dinar. Currency Conversion Rate // updated: Thu Dec 24 2020 

 

Major World Currencies

 

Iraqi Dinar to United States Dollar, $ (USD)

0.0008403

Iraqi Dinar to Euro, € (EUR)

0.0006887

Iraqi Dinar to British Pound Sterling, £ (GBP)

0.0006211

Iraqi Dinar to Japanese Yen, ¥ (JPY)

0.08705

Iraqi Dinar to Swiss Franc, Fr (CHF)

0.0007456

   
   
   
       

link :https://www.convert-me.com/en/convert/currency/IQD.html?u=IQD&v=1             

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it is still 1190 iqd=0.0008 us. and it is coming from world data.

 
Currencies

Countries that use the Iraqi Dinar

The Iraqi Dinar is an official national currency and used only in Iraq. 1 Dinar is devided into 1000 Fils.

 
1.00 Iraqi Dinar = 0.0008 US Dollar
(date: 12/23/2020)

 

link :  https://www.worlddata.info/currencies/iqd-iraqi-dinar.php?to=USD

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