Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Friday Afternoon Opinions @ 4:00 PM CDT - 2/09/2024

ronscarpa

By ronscarpa,
in Dinar Rumors

 Share

Recommended Posts

ronscarpa Grand Master

ronscarpa

Posted
Posted

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 ... :twothumbs: 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?

 

 

:tiphat:

  • Thanks 2
  • Haha 1
  • Upvote 2
Link to comment
Share on other sites
ronscarpa Grand Master

ronscarpa

Posted
  • Author
Posted

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.
 

 

:tiphat:

  • Thanks 3
  • Haha 1
  • Upvote 5
Link to comment
Share on other sites
NWGUY Grand Master

NWGUY

Posted
Posted
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.
 

 

:tiphat:

 

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!  :jester:

  • Thanks 1
  • Pow! 5
Link to comment
Share on other sites
NWGUY Grand Master

NWGUY

Posted
Posted
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!    :praying:

  • Upvote 3
  • Pow! 1
Link to comment
Share on other sites
  • 3 weeks later...
screwball Grand Master

screwball

Posted
Posted
On 2/10/2024 at 10:51 AM, NWGUY said:

 

Yes, but not for what we would like to see.  Need much more!    :praying:

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! 

  • Upvote 1
Link to comment
Share on other sites
screwball Grand Master

screwball

Posted
Posted
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…

  • Thanks 1
  • Haha 3
  • Upvote 1
  • Pow! 1
Link to comment
Share on other sites
Luigi1 Grand Master

Luigi1

Posted
Posted
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?:tiphat:

 

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.

  • Upvote 3
Link to comment
Share on other sites

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.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept