Thursday Midnight Opinions - CDT - 10/07/2021

[ronscarpa]

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. RON  

 

 

 

*** Kaperoni   Iraq is working very hard to create the conditions to diversify its economy. The goal is to not rely on oil which is currently about 93%. It's going to take a lot of work and time.  Only with the success of that diverse economy can the dinar go up in value. We believe they will float it at a time when the economy is thriving. It will be a gradual increase over time.



*** Vital Brad  The rate, if I had to guess - The Kuwaiti dinar  is worth $3.32 .  I think the Iraqi dinar is going going to come out at the rate that it was decommissioned at - $3.22.  It's a guess.  Everyone's got a guess.  Not financial advice. This rate would be wonderful, but it's very unrealistic at this point. The only way I can see this rate happening at this time is if they were to LOP, then increase the value. If this were the case, we would realize roughly a 200% pre-tax profit on investment ... Ron

 

 

That's all folks ... Be blessed..! RON 

[cjdavid]

I could say “if it’s a dime I’ll take it and I’m outa here!” But why would you leave approximately $2.90 per behind? I have always thought it would come out at $3.00. Just because of pride of the past value. Does this make me a guru?😏😬😂😂
 

time will tell...one day closer!!

[Longtimelurker]

I think it's pretty clear the USD is going to tank at some point relatively soon. The exchange rate could be much higher if you time it right.. 

[fioranosportscars]

 

[Dretown39]

I'm no expert in this Dinar world. The above statement of floating the dinar when the economy is thriving don't make sense. To me it seems like they would need the value to increase first so the economy can thrive.

[Half Crazy Runner]

12 hours ago, ronscarpa said:

*** Kaperoni   Iraq is working very hard to create the conditions to diversify its economy. The goal is to not rely on oil which is currently about 93%. It's going to take a lot of work and time.  Only with the success of that diverse economy can the dinar go up in value. We believe they will float it at a time when the economy is thriving. It will be a gradual increase over time.

One flaw in his theory is, once the dinar is internationally accepted again, demand for it will drive the price up quickly.