Wednesday Mid-Morning Opinions @ 11:20 AM CDT - 3/13/2024

[ronscarpa]

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 

 

 

Paulette  This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD.   Looking it at the other way, this is 0.0007575 USD to 1 IQD.  If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD.  If they drop 2 zeros:  13.2 IQD to 1 USD or 0.07575 USD to 1 IQD.  If they drop 3 zeros:  1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. [Post 1 of 2....stay tuned - more to come.]

 

Frank26  We were looking for 1,200 or 1,000 [to 1 USD] but I don't think we're going to see it...We haven't seen a single pip movement ...It's possible they may be looking at $1.10, $1.20 or $1.30...Let's see where they enter the basket.  I'd love for them enter at 1320 because that means we're ready.  I don't think there's any more preparation is required...I believe they have the potential to cap it at about $4.25 [in the float].
 

 

[BETTYBOOP]

Well frankie......  we are all in the same dream! It is just that we all wake up and can be realistic.

[NWGUY]

Well frankie......  we are all in the same dream! It is just that we all wake up and can be realistic.

 

 

Gosh Betty...I think it started as a dream, and has turned into a nightmare!  

[rvmydinar]

1 hour ago, ronscarpa said:

Paulette If they drop 3 zeros:  1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. [Post 1 of 2....stay tuned - more to come.]

More to come? Let's say if they drop 4 zeros: 0.132 IQD to 1 USD or 7.575 USD to 1 IQD. Therefore, 0.132 IQD to 1 USD is 7.6 USD to each IQD. I think gurus would definitely love this rate , wouldn't they.

[screwball]

On 3/14/2024 at 3:22 AM, ronscarpa said:

Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. [

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