If there is an overnight event you can be assured it’s a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg…chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar.
Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. I’ve already said…it’s not possible to reduce the money supply while having daily currency auctions.