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Monday Noontime Opinions @ 12:15 PM CDT - 6/28/2021


ronscarpa
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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 

 

 

*** Pimpy  There's a lot of chatter about the exchange rate.  It just keeps going on and on.  It's very interesting.  A little nugget to tease you guys - when the Kuwait dinar changed it changed a couple days after they came out saying they had no intention on changing the rate for a long time.  Two days later they changed it...
 

*** Mnt Goat  Article: "IS FLOATING THE CURRENCY A VIABLE OPTION? UNDER WHAT CONTEXT?"  The context they are talking about is the FLOATING the dinar exchange rate and I quote- “of the national currency against other foreign currencies”, which means to reinstate the dinar on FOREX and other currency exchanges. Right now it is solely pegged to the US dollar so they are not talking about floating the program rate. They know already they can not FLOAT the currency on a program rate inside Iraq..(Post 1 of 2).. 
*** Mnt Goat  The dinar, in a way, is indirectly floating now via the speculators and money exchangers and we see the mess it is creating in Iraq. ...Yes, Iraq it is time you put on your BIG BOY PANTS and finally emerge to the global economy and get out of your closed economy and re-peg the dinar to other currencies in the basket the IMF has stated many times will happen..(Post 2 of 2).. 
 
:salute:
 
 
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3 hours ago, ronscarpa said:

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 

 

 

*** Pimpy when the Kuwait dinar changed it changed a couple days after they came out saying they had no intention on changing the rate for a long time.  Two days later they changed it...

Hey pimpy, did the kuwaiti dinar change two days later? Or did you just make up story about a rate change about kuwaiti dinar? Just wonder How much profit ( 1000 fold or just 3 times from the original investment? ) did you make when there was a rate change in the kuwaiti dinar two days later?

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20 minutes ago, rvmydinar said:

Hey pimpy, did the kuwaiti dinar change two days later? Or did you just make up story about a rate change about kuwaiti dinar? Just wonder How much profit ( 1000 fold or just 3 times from the original investment? ) did you make when there was a rate change in the kuwaiti dinar two days later?

I believe pimpy is correct about this info. 

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Added Late Monday Night @ 11:27 PM CDT:

 

*** BGG   [Reference Guru Pimpy post 6-28-2021 above]  This representation is mostly inaccurate. We have published the actual news sources, documentation and hard facts surrounding the Kuwaiti event numerous times. While it is true, there were clearly some investors who made some money is this circumstance – it is (was) nowhere near the size and scope as is normally portrayed. I tend to think this commenter is recalling the China incident, event wise… though the China event was not much of an upward value change (+/- 8-9% in one day).

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