Frank26
...If they lift 3-zeros that's still not enough because that would be at a 1 to 1. They need this thing to float...IMO I think the Iraqi dinar will at least come out at 1 to 1 because that's what they say. Then I believe deep IMO they are going to float this currency.
That's when it's going to get tough on you. You're going to be so tempted to go to the bank and exchange everything you've got at 1 to 1. Wouldn't you like to exchange at 2 to 1? 3 to 1?...I believe 1 to 1 is their goal but the hard part is for you to decide if you want to exchange at a higher exchange rate... [Post 2 of 2]
Question: "What do you think the rate should be?" You have to understand this is a Middle Eastern currency. Do you think it should have the value it has now? Of course not...Saudi Arabia what's your exchange rate to the dollar? $3 plus. UAE what's your exchange rate to the dollar ? $3 plus. Saudi Arabia...what's your exchange rate to the American dollar? $3 plus. Do you get my point? [Post 1 of 2....stay tuned]
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