Iraqi Dinar Guru opinions 11-6-17
Iraqi Dinar Guru opinions 11-6-17
11-6-2017 Guest Newshound Guru Apmcrx Article: “A simulation of the dinar exchange rate linked to the basket of currencies” …article directly from the CBI webpage…THIS IS STRAIGHT FROM CBI AND THEY ARE TELLING YOU THE EXCHANGE RATE!!! …PDF document…is telling you the dinar exchange rate compared to the currency basket…from .90 to $1.15 IQD/USD… Now, why the CBI is “simulating?” Because they want to go international and know the real IQD/USD exchange rate IMO. Who suggested or proposed the peg to a basket of currencies? IMF, World Bank, USA as we have seen the articles demanding this agencies to Iraq implementation of reforms IMO by the end of this year.
11-5-2017 Newshound Guru Don961 Article: “A simulation of the dinar exchange rate linked to a basket of currencies” Just a simulation study…should the dinar get pegged to a basket of world reserve currencies … as opposed to staying ‘binary” (linked/pegged only to the USD)…shows how the exchange rate of the iqd would be affected should it be put into this world currency basket… Just doing such a study kinda shows the belief that the iqd perhaps is being considered/projected to join such a strong basket of world currencies … sounds good to me … % allocated to iqd in this basket would depend on how strong the currency will be compared to the others … at a given point in time…will it bypass the pound or the euro? … sure … why not …that would be cool wouldn’t it…imo.
11-5-2017 Newshound Guru mike Article: “Iraq still under the category of bankrupt countries?” Gee whiz, this guy sounds so negative: “He added that “the budget reveals beyond doubt the inability of any realistic treatments to find development, even if it is a formality to open future prospects to reduce dependence on oil revenues and stop domestic and external borrowing, which has no horizon to stop it and the payment of accumulated it puts the Iraqi economy in the near future on the verge of bankruptcy.” We have waited, literally, for years in hopes that Iraq would change and embrace the open market economy and allow the dinar to grow in value. And all we’re getting is the same old budget where expenditures exceed revenue. The existing political class is failing the Iraqi people. Like Mark Twain said, “Politicians and diapers must be changed often, and for the same reason.”
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