Luigi1 Posted September 21, 2022 Report Share Posted September 21, 2022 Highlights from around Dinarland... Article suggests a 1 to 1 exchange rate, soon. Treat as a rumor. Not verified. Your opine. ARTICLE: The Decline In The Dollar Exchange Rates Is Due To Weak Market Activity. A government official attributed the decline in the price of the dollar against the Iraqi dinar to weak market activity, indicating that the dollar in local markets is not affected by the foreign dollar. The official, who preferred not to be named, said in an interview with a news agency; “What we are witnessing today of a slight gradual decrease in the price of the dollar against the Iraqi dinar is due to the weak activity of commercial markets, especially after the visit of the forty, which led to a lack of demand for the dollar,” noting that “this decline is simple & temporary & will not decrease to more than one dollar & will rise again.” Normal again soon.” 5 2 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted September 21, 2022 Author Report Share Posted September 21, 2022 here's another article related to the above... Article suggests a limited time to exchange. Treat as a rumor. Not verified. Your opine. BLC: ATRICLE: The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the currency sale window represents stability of the purchasing power & the external value of the national currency. He told the National Iraqi News Agency ( NINA 😞 There are basic functions undertaken by the central banks’ foreign exchange reserves, foremost of which is maintaining the stability of the external value of the national currency against the currencies of other countries, i.e. the stability of exchange rates. 4 2 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted September 21, 2022 Report Share Posted September 21, 2022 I have said since I got into this in ‘07, they have to come out 1:1 to de-dollarize their country. I would cash “some” out. And wait to see where it goes from there. There can NEVER !, be a time limit as a International traded currency. 2 2 6 Quote Link to comment Share on other sites More sharing options...
screwball Posted September 22, 2022 Report Share Posted September 22, 2022 11 hours ago, cjdavid said: I have said since I got into this in ‘07, they have to come out 1:1 to de-dollarize their country. I would cash “some” out. And wait to see where it goes from there. There can NEVER !, be a time limit as a International traded currency. 100% Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted September 22, 2022 Author Report Share Posted September 22, 2022 9 hours ago, screwball said: 100% I believe the article means a time limit on the big note bills. A time limit to exchange before the old currency is phased out & the new takes over. Yes, the new currency will go on trading with not time limits. IMHO. 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.