Going up in increaments

[BETTYBOOP]

11-22-2023   Newshound Guru Pimpy   Month, month and a half there's been quite a bit of positive news coming out of Iraq.  Let's hope they stay out of trouble and continue working on doing what it takes to regain their sovereignty.  They're taking all the right steps to do what it takes to appreciate the Iraqi dinar which all of us are happy about.  You still got people out there...swearing up and down that means there's going to be a reinstatement of the $3.22 rate.  I'm going to continue to tell you no it isn't.  I still believe the Iraqi dinar is going to go up in increments.  It's not going to jump up to $3.22 right off the get-go.  It'll get there fairly quick but it's not going to happen overnight.  As long as they stay in the good graces of the Untied States everything should be fine.

Edited November 22, 2023 by BETTYBOOP

[BETTYBOOP]

I have to say.... although Pimpy  flip flops all over the place , I have to agree it will go in increments. I think a straight up Ri back to the original rate would be too much of a shock to the markets. If I am wrong I would still be good with a straight up RI. 

[Bob]

I believe, after talking to Forex Investors, the chatter on Forex prior to the actual RI will be focused on Iraq and the Dinar!  Once we see and hear that, very soon after we all cash in!  just sayin!  

[cjdavid]

I cash in some, when they come out 1:1 to get rid of the USD usage to get debt free. Then sit back and wait to see where it goes. I believe, do to the pride of middle eastern minds, that they want to get close to Kuwait values,  like before it all came crashing down. 

[BETTYBOOP]

4 minutes ago, cjdavid said:

I cash in some, when they come out 1:1 to get rid of the USD usage to get debt free. Then sit back and wait to see where it goes. I believe, do to the pride of middle eastern minds, that they want to get close to Kuwait values,  like before it all came crashing down. 

 Hadn't thought about their pride playing a part in this. Thanks

[Luigi1]

1 hour ago, BETTYBOOP said:

11-22-2023   Newshound Guru Pimpy   Month, month and a half there's been quite a bit of positive news coming out of Iraq.  Let's hope they stay out of trouble and continue working on doing what it takes to regain their sovereignty.  They're taking all the right steps to do what it takes to appreciate the Iraqi dinar which all of us are happy about.  You still got people out there...swearing up and down that means there's going to be a reinstatement of the $3.22 rate.  I'm going to continue to tell you no it isn't.  I still believe the Iraqi dinar is going to go up in increments.  It's not going to jump up to $3.22 right off the get-go.  It'll get there fairly quick but it's not going to happen overnight.  As long as they stay in the good graces of the Untied States everything should be fine.

 

Yup. 

CBI Director Alak confirmed yesterday, the 'Project To Delete The Zeros' is still on.

[BETTYBOOP]

25 minutes ago, Luigi1 said:

 

Yup. 

CBI Director Alak confirmed yesterday, the 'Project To Delete The Zeros' is still on.

 Thanks @Luigi1 I hadn't saw that.They do appear to be in a rush for some reason.

[Luigi1]

26 minutes ago, BETTYBOOP said:

 Thanks @Luigi1 I hadn't saw that.They do appear to be in a rush for some reason.

 

FYI...Here's the article from yesterday...

 

Militia Man:    My Way-My Time.

Article:  “Alaq says the rise in the exchange rate in his time and the project to delete the zeros still exists”   When was that?  July 26, 2023.  The plan is still underway, hasn’t changed.  It’s a dynamic and fluid circumstance.  We had the Bank of International Settlements come out and talk about highly complex financial transactions …shocks, warning people…we can see there’s some fireworks going on…in the background.

[hspotman]

Rumor has it(from another site that I'm sure many are aware of) that all major currencies will be on an even level of 1 to 1 in the new year. That means the KWD will depreciate supposedly, along with other currencies values above a buck. If true, I really wonder IF they will appreciate from $1, or just stay there?  I am not a part of that site that is claiming these things, so I cannot ask this.

[BETTYBOOP]

2 minutes ago, hspotman said:

Rumor has it(from another site that I'm sure many are aware of) that all major currencies will be on an even level of 1 to 1 in the new year. That means the KWD will depreciate supposedly, along with other currencies values above a buck. If true, I really wonder IF they will appreciate from $1, or just stay there?  I am not a part of that site that is claiming these things, so I cannot ask this.

Even if it stays at a dollar we will all have made money. I could reduce my hours. Incest it and live off the interest.

[NWGUY]

I have always gone with Adam's theory, that they will come out small to suck up a lot of the tired dinar holders, and then float it.  It always made sense to me.  There are a lot of dinar holders that would take .10 right now to get out of here.  I plan on being here until the end!  

[hspotman]

And supposedly the whole world will be going digital...meaning no huge lumps of cash from this. So I then wonder if that will have an effect on when people say 'They cannot afford to come out so high....' blah blah blah

[BETTYBOOP]

11 minutes ago, NWGUY said:

I have always gone with Adam's theory, that they will come out small to suck up a lot of the tired dinar holders, and then float it.  It always made sense to me.  There are a lot of dinar holders that would take .10 right now to get out of here.  I plan on being here until the end!  

 Like you I will be here until it at least hits the dollar or just above the dollar. At that rate I would make a huge profit on what I invested and be able to quit work and live a better life.

[Dretown39]

Though some will disagree..I'm of the mindset that Iraq will not come out at 10 cents. I've stated before that with all the contracts, revamping their monetary policy, the fact that the budget is based off $70 or more on barrel of oil...$1:1 makes sense & is necessary. Or at least $.70. Either will not be too high to start with. It's artificially devalued..10 cents just not happening!

[BETTYBOOP]

@Dretown39... I don't know but my hope has always been that it starts around $1.50  and goes up from there. @ $1.50it is high enough to support the economy  pull in the larger notes and gives the citizens purchasing power. 

Edited November 22, 2023 by BETTYBOOP

[hspotman]

Well if it comes out at 1 to 1, we won't get $1 for it cuz of the spread. More like closer to .85 cents.

 

[edbeach]

I still think it will go up in increments. I believe we see between .03cents to .10 cents staying low for awhile then start floating back & forth. Within 6 monthst climbing to  1.00 jumbing back and forth around 1.00.  I don't see this moving much beyond 1.00 for another year. Too much shock next year 2024. I know a lot of people will disagree on the starting amount I'm predicting but still feel they have many exspenses coming on the investment side of projects they doing. This just my opinion would like see higher amount but trying to be down to earth no hopium 

[screwball]

1 hour ago, BETTYBOOP said:

hours. Incest it and live off the interest.

“Incest it” oh my…..😂😂😂😂

[screwball]

Time will tell….1:1 would make many people happy 

[screwball]

1 hour ago, BETTYBOOP said:

around $1.50  a

That where I believe it will start…let’s not forget their are a number of countires that hold dinar, through printing, currency swap agreements etc…a strong dinar will benefit many countries in financial ruin…a good way of rebalancing those bad balance sheets…just saying 

[screwball]

All countries at 1:1 possible….trump did say some will go up, some down and some will stay the same….a level playing field…

[screwball]

I am not saying that Iraq is a solution or temp fix to many countries problems but why print the new dinar in 5-6 countries? And countries that just happen to be coalition partners in the war? Would their be a financial benefit to these countries? 

[hspotman]

17 minutes ago, screwball said:

All countries at 1:1 possible….trump did say some will go up, some down and some will stay the same….a level playing field…

SB, with a 1 to 1 'all countries or most' scenario, is there still a spread?

[screwball]

9 minutes ago, hspotman said:

SB, with a 1 to 1 'all countries or most' scenario, is there still a spread?

I will be honest that I have never seen or heard anything about all being 1:1…

[Sage449]

Screwball & BettyBoop, caught the typo too and made me laugh. Was going to leave a laughing face for Betty but didn't want it to be misunderstood or rude. ❤🥰😊 but have to admit laughed hard.