Pimpy

  In Pimpy's Investment Chat

There’s a difference between lowering the exchange rate and devaluing the dinar. Lowering the exchange rate benefits us. Devaluing the currency is bad for us.  So if they devalued their currency on the exchange side that means you would get more dinar for your dollar. In other words if they devalued the dinar instead of getting 1190 dinars for every one dollar you might get something like 2000 dinars. That’s because it’s cheaper to buy. Make sure you don’t mix them up…exchange rate lowering – good.  Dinar devaluing – bad.