Pimpy

  In Pimpy's Investment Chat 

Article “After the central bank was hit by a surprise… Iraq may move to change the dollar exchange rate”. But this time in the right direction!  Not the other way around. We’re talking about increasing the value of the dinar against the U.S. dollar. You’ll see different articles conflicting with one another that’s why you can’t get too excited with good news and get too bummed out with bad news. Quote “as soon as the devaluation of the dinar against foreign currency especially the US dollar came into effect the peoples willingness to buy those currencies decreased which created an alarm for the Central Bank of Iraq.” If they’re going to increase it, this might be a good time…when you see the number of dinars decrease for every $1 that’s what we want. That’s good. That’s what we want to see.