"RV UPDATE" BY PIMPY, 18 OCT

  Pimpy  

Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq" 

  Will increasing interest rates on your account to 7.5% draw people in?  

Heck yeah it will!  If a bank did that in American you would see a lot of people run to it... 

Quote:   "The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar."   That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.

 All kinds of articles about the exchange rate. 

 And how easy is it to predict when you see a bunch of articles about the exchange rate you got a bunch of people out there...making claims this means they're going to change the exchange rate...

I keep telling you guys not to fall for that...Could they increase the Iraqi dinar exchange rate?  Of course they could but if you think they're going to do an RI you're sadly mistaken.  An RV is possible but not an RI...