Pimpy

  In Pimpy's Investment Chat 

They’re already talking about the rate change again. Will it happen? I don’t know. It’s only talk…The World Bank wanted to increase the number of dinars per dollar and the Iraq central bank said no. They want to go in the opposite direction. They want to decrease the number of dinars you get for every dollar. So the World Bank wants to devalue the dinar more. The Central Bank…they want to increase the value of the dinar…I thought this change would be really quick, very temporary just so they can get the salaries paid.  Get back on track and then go right back to changing the rate in the right direction.  So that’s what looks like is happening fairly quickly. At least it’s being discussed…this is a good thing. A very good thing.