In Pimpy's Investment Chat

Article “…the economic adviser to the Iraq Prime Minister Salih…the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays. This is a natural and expected thing due to the current conditions…” What are they talking about? They’re talking about changing rate after the curfew. After the crisis…Is the rate change ready to happen? Is there any other articles out there that support this?  Yes there is!  Article quote “The Finance Committee comments on Friday the central bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value in order to fill parts of the budget deficit and the needs of the government.” What does it want to do? It wants to lower the value of the dollar by floating the dinar.

What this guy is saying is that the value of the dollar is strong against the dinar. They need to do something about that. We all know if they float the dinar that’s based on supply and demand. We all know there’s a lot of people that want to buy dinar. So what they need to do is lower the value of the US dollar. How are they gonna do that? By floating the dinar and allowing the rate to increase. Go ahead, do the pee-pee dance!  It looks like a lot of this is lining up…quote “floating the dinar to fill part of the state’s budget deficit is impossible. But it may be in harmony with the current situation to compensate for the shortfall of the oil revenues.” They’re saying look we need to do something to fill in the budget gap because of the shortfalls of the oil. And how do you do that? They need to increase the rate…we might be at the doorstop.  Finally people! Let’s not get overly excited.  But it’s starting to look really really good.