Pimpy

  In Pimpy's Investment Chat

Sometime here shortly you’re gonna see the budget being passed for 2021. I get asked this all the time…will the rate change be in there?  …the first thing that pops into my head is it should be. But stop tying the rate change into the budget. The reason I don’t want you to do that is because we know the reform papers…said they were going to be discussing about the exchange rate…But discussing it and actually doing something to change the rate are two different things. So you might see a scenario where the 2021 budget is passed and there’s no rate change…here’s what could happen. Depending on what’s going on you can see a rate change drop at any time…then they could turn around and make an amendment to the budget…It’s all speculation…the rate change can happen at any time.