ronscarpa Posted February 9, 2024 Report Share Posted February 9, 2024 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... So, take everything with a grain of salt ... RON Pimpy Iraqi dinar is pegged to the US dollar. If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar? ...No, you just don't do it. You have to weigh the pros and the cons of it. Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that...Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value? 2 1 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted February 9, 2024 Author Report Share Posted February 9, 2024 Added @ 4:15 PM CDT: Babysmom THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT...(within..??) 25 CENTS OF THE KUWAIT DINAR. CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25. 3 1 5 Quote Link to comment Share on other sites More sharing options...
dinarmite Posted February 9, 2024 Report Share Posted February 9, 2024 Interest rates going down? That's a joke. 1 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted February 9, 2024 Report Share Posted February 9, 2024 49 minutes ago, ronscarpa said: Added @ 4:15 PM CDT: Babysmom THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT...(within..??) 25 CENTS OF THE KUWAIT DINAR. CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25. That is a fact! It will be official when Forex posts it. Not when Frankie, Mr Militia, or anyone of our other favorite Pooroo's. It is definitely official when you see it on the Forex! Please post a really good number Forex! 1 5 Quote Link to comment Share on other sites More sharing options...
Bob Posted February 9, 2024 Report Share Posted February 9, 2024 I could be wrong, but, the IQD can be found on FOREX now but only for the current value quote, not for trading. Just sayin! 3 1 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted February 9, 2024 Report Share Posted February 9, 2024 12 minutes ago, Bob said: I could be wrong, but, the IQD can be found on FOREX now but only for the current value quote, not for trading. Just sayin! Yes, but not for what we would like to see. Need much more! 3 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted February 25, 2024 Report Share Posted February 25, 2024 On 2/10/2024 at 10:51 AM, NWGUY said: Yes, but not for what we would like to see. Need much more! Yes but only rates and terrible ones at that it’s being able to exchange at any travellex or money exchanger outside Iraq which you cannot do! 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted February 25, 2024 Report Share Posted February 25, 2024 On 2/10/2024 at 9:18 AM, ronscarpa said: Babysmom THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT...(within..??) 25 CENTS OF THE KUWAIT DINAR. CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25. Oh dir….someone else looking for their 5 mins of fame… 1 3 1 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted February 25, 2024 Report Share Posted February 25, 2024 On 2/9/2024 at 5:00 PM, ronscarpa said: Pimpy Iraqi dinar is pegged to the US dollar. If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar? ...No, you just don't do it. You have to weigh the pros and the cons of it. Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that...Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value? Dr Shabibi once stated the strength & rate of the IQD will be based on a basket of currencies to include the USD, Euro, Swiss Franc, Pound Sterling, Japan Yen & China Yuan along with the price of gold. There will be no de-coupling of the USD. The USD will still have a role to play in the global markets, once it becomes gold or asset backed. IMHO. 3 Quote Link to comment Share on other sites More sharing options...
NWGUY Posted February 26, 2024 Report Share Posted February 26, 2024 On 2/24/2024 at 9:37 PM, screwball said: Oh dir….someone else looking for their 5 mins of fame… Wow...I have been in this for years...Maybe I should start posting as a "Poorooo" ... 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted February 26, 2024 Report Share Posted February 26, 2024 3 hours ago, NWGUY said: Wow...I have been in this for years...Maybe I should start posting as a "Poorooo" ... 100%…throw some dates out their…just don’t forget to have another member pretend that they are boots on the ground! 1 Quote Link to comment Share on other sites More sharing options...
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