Question: “IYO will the rate come out strong and float to a higher rate, then settle back down?”
Frank26: That is such a hard question to answer…It’s an RI. It should be reinstated. But they’re talking about coming-out 1 to 1. So maybe the initial step will be $1.00. That means if you got 1 million dinar, you got $1 million. That’s not a bad rate of return. I’ll take that ROI.
What if it comes out as an RI and it’s $3.22? That means every million you have is worth $3.22 million. I’m not going to horse around and wait for the float. I’m going to exchange everything…and invest it because I don’t have much time to live. If you’re 20…30…40…50…you can plan. I cannot. That’s ok. I had my turn at bat. I had my turn. I’ve had a few grand slams in my life.
