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Investing in Dinars: 9. Can we reasonably arrive at a rate?


Enorrste
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9. Can we reasonably arrive at a rate?

[Analysis]

All of the discussion thus far has been based upon solid documentation. However when it comes to talking about a possible rate for the RV there is no documentation. We have lots of speculation and rumors about rates, from $.10 to $3.86 for the dinar. None of those is based on anything solid, unfortunately.

There are sites that talk about seeing numbers on bank screens, but this too has not been verified.

We are therefore left with this wide range of values and no facts. However, we need to ask ourselves if there is a way to use logic and reasoning to narrow that band somewhat.

Let

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All the other currencies that revalued, in these cases did so on a friday, probably after the forex market shuts down to avoid chaos. The dong,won and the bolivar. Also you have to know howdinar was printed. I read somewhere that 90 trillion dinar were printed. If that is the case a one dollar RV would mean that there would 90 trillion dollars worth of dinar. US has roughly 14 trillion dollars in our money supply(M1,M2.and M3). I dont think Iraq has anywhere near that much oil based on the reserve reports Ive seen. Just a thought

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The dinar will value around the middle (1.20-1.60) pricing. One point Ennorste left off was the cost of sale/buy and sale again. This is key. Iraq wants to limit its "cash out rate" and by coming out at a mid rate, they can sell the dinar again to new investors thus at some point achieving the higher rate as market dictates at half the cost of doing so. A RV to the high level right away, takes this option out.

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