Pimpy

  In Pimpy's Investment Chat

Article: “Parliamentary Finance: Approval of the current year’s budget will fulfill many demands”  Obviously they’ve had a chance to review the reform papers…We know that the Finance Minister said talks about the exchange rate are in the reform papers but we don’t know what that means.  I don’t want people to assume that  1.  There’s going to be a rate change.  It’s easy to make that assumption because they’re talking about it…  2.  We don’t know what the rate is going to be…every time we hear talk about this we get all kinds of rumors…I’ve heard it as high as $15 which is totally ridiculous…everything is speculation.  It’s okay to feel optimistic about what’s coming up but again just hang tight.  Don’t be surprised if they try to throw out a “sucker rate”.  One that looks half-ass tempted for you to turn in your dinar and then you turn it in then all of a sudden they release another rate a few month later that’s much higher…It’s not beyond people to do that.  We shall see.