ronscarpa Posted November 7, 2021 Report Share Posted November 7, 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 *** Breitling It's good to have it refreshed in your mind - Why did they lower the value of their currency? So they could pay off their debt. Every country does that. Look at the United States we're going through inflation. People who want to pay off our debt are happy as all get-go because that's what you do. You cheat. You lower the value of your currency and you pay off your debts for dirt cheap...people think there's all kinds of disasters around the corner - it's not what is happening... *** Kaperoni Iraq has a hundred trillion dinar in circulation. There is no significant overnight RV. Remember one of the functions of the daily currency auction is to maintain stability. That is achieved by a balance in the market of dinar to dollars. Removing one or the other creates demand which affects the exchange rate. The dinar had substantially increased (and not decreased...) since the first of the year due to the reduction in exchange rate to 1470 to $1...[Post 1 of 2].. *** Kaperoni Even if you don't look at the CBI reports several economists (including former deputy CBI governor and the prime minister's advisor Salih) have stated in the media how much dinar is in circulation. And again we know the money supply has not been reduced because the exchange rate is stable in the marketplace...[Post 2 of 2].. *** Frank26 We've been telling you for a long time you're far ahead of the curve, that the CBI would come out and show commercials and start explaining everything. You're seeing all that...How come there's nothing in print about what we're telling you that [Firefly Boots-on-the-ground] is being told by the CBI about the lifting of the value of their currency? Why? Why? Why? Because they [the media] were not allowed to ask any questions. You are now going to see questions and answers in print. They'll catch up to you being ahead of the curve once again...starting Sunday, look all over the place... *** Pimpy They're talking about rate exchange again. Article: "Economist: Reducing The Dollar Exchange Rate Is Exclusively In The Hands Of The Governor Of The Central Bank" The government can't say or demand or do anything to change the exchange rate. That is up to the governor of the central bank. They're totally separate and independent of one another. If the rate is going to change it has to be the governor of the bank not the government or parliament. They can't force the central bank to change the foreign exchange rate. Quote: "Economic expert had previously confirmed that the central bank can gradually reduce the price of the dollar..." This is what I was talking talking about - It's being done in increments. *** MilitiaMan It is not all about Iraq, it is far bigger than that... So for those that suggest 2022 era for a rate change may be short sited, because the thought that it is only about Iraq is not considering the Digital Transformation that is upon us now, not later... imo. 9 1 Quote Link to comment Share on other sites More sharing options...
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