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


ronscarpa
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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:

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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:

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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:

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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:

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  • 3 weeks later...
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…

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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.

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