ronscarpa Posted October 14, 2021 Report Share Posted October 14, 2021 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 ** Pimpy Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" This is the one everybody's talking about...the wording in here is a little eye-catching...what I like is the fact that they're saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down...That doesn't mean there's going to be a rate change...they're definitely building up the private sector and that's what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there. ** Desert Advisor A few weeks ago it was announced by one of the representatives about the price of oil. Quote: "Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars..." They are announcing publicly from pretty much their members of congress talking about they want to raise the rate. ** Kaperoni Al- Sadr made a statement ...in the media after winning the largest Bloc that "We will work to raise the iraqi dinar to be in the ranks of global currencies gradually." In other words there is no overnight RV as I've been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy...A different perspective & interpretation of Sadr's statement...! 9 1 5 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted October 14, 2021 Report Share Posted October 14, 2021 I like the optimistic opinions! It all sounds reasonable, and I hope this starts soon. Not their soon, but our soon! 2 1 1 Quote Link to comment Share on other sites More sharing options...
moose 57 Posted October 14, 2021 Report Share Posted October 14, 2021 I will hold my Dinar but not my breath. Bank on that! Invested what I could afford but didn't want to lose. Oh well 1 1 3 Quote Link to comment Share on other sites More sharing options...
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