ronscarpa Posted August 15, 2022 Report Share Posted August 15, 2022 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 A "Floating Exchange Rate" is a regime where the currency price of the nation is set by the Forex market based on supply and demand relative to other currencies. This is in contrast to a "Fixed Exchange rate in which the government entirely or predominately determines the rate. We know right now the Iraqi dinar is on a fixed rate. A floating exchange rate is one that is determined by supply and demand..[Post 1 of 2...Reposted from noontime] *** Pimpy If there's a huge demand for the Iraqi dinar, and I would imagine once it hits the Forex you would see people streaming over to it, it would definitely change the Iraqi dinar's exchange rate. It would increase it...right now Iraq's currency is pegged to ours. It's not floating. Once it floats though it should be a free-for-all. I'm curious to see how the Iraqi dinar is going to handle being on the Forex market.[Post 2 of 2] 1 5 3 Quote Link to comment Share on other sites More sharing options...
yendor Posted August 16, 2022 Report Share Posted August 16, 2022 Once it floats though it should be a free-for-all. I'm curious to see how the Iraqi dinar is going to handle being on the Forex market.[Post 2 of 2] Who really cares? Once it increases, I will be gone from here and probably 90% of the Dinar holders as well. And we wouldn]t care one bit what Iraq does afterwards. 1 1 6 Quote Link to comment Share on other sites More sharing options...
kgreen Posted August 16, 2022 Report Share Posted August 16, 2022 I am certainly no Forex expert or economist, but if yender reflects the sentiment of many dinar holders, including myself, there will be MANY people looking to sell their dinar thereby creating more supply than demand. Feel free to correct me, but I am looking at Econ 101 for my evaluation. Thanks all. Quote Link to comment Share on other sites More sharing options...
HowieC Posted August 16, 2022 Report Share Posted August 16, 2022 7 hours ago, kgreen said: I am certainly no Forex expert or economist, but if yender reflects the sentiment of many dinar holders, including myself, there will be MANY people looking to sell their dinar thereby creating more supply than demand. Feel free to correct me, but I am looking at Econ 101 for my evaluation. Thanks all. I'm far from an expert myself. Just me thinking a currency exchange isn't an asset purchase creating "supply and demand" For example there's plenty of USD. Why would it create a supply problem.. Quote Link to comment Share on other sites More sharing options...
HowieC Posted August 16, 2022 Report Share Posted August 16, 2022 Thinking some more ( that's dangerous ) Actually a Fiat currency may not be the best example.... Quote Link to comment Share on other sites More sharing options...
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