Dinar Updates

  In Uncategorized 

BGG: Article quote: “The Council of Ministers may ask the Central Bank “soon” to leave the currency auction and resorting to “float the dollar”; because according to sources provides state what it called “significant returns Dinareh”, to feed the state treasury, the dollar exchange rate…

While I am not sure it’s going to be some measure of a “float” (though it may well be what they finally resort to)… what is VERY INTERESTING is the timing.

It fully appears they are headed towards some currency adjustment with the intent of bridging this budget gap…  It sounds like to me – (the “float” term could mean several things)… they are intent on something happening soon.

My opinion (and that is all it is…) – if such an event occurs – it will likely move up very quickly (relatively speaking, of course).

IMHO – it won’t take long to reach a realistic value (and that is what would help their budget).

BGG Blog