"RV UPDATE" BY PIMPY, 29 OCT

 Pimpy 

There's talk about Al-Sudani doing something that will help with the dinar exchange rate... 

Article: "Sudani will announce next week a banking service that leads to the decline of the dollar" I've been racking my brain out trying to think what it is Al-Sudani is going to do.  

The only thing I can think of Al-Sudani has got to do something about the exchange rate.  What other options does Iraq have?  They rose the exchange rate last time from 1450 dinars for every dollar because the parallel exchange rate was getting out of control. 

 It stabilized for a little while but now...the parallel markets are way out of control.  You now can get 1630 for every dollar compared to 1300 on the official market...

if any of the citizens have US dollars they can get more dinars on the black market than they can through the bank at the official rate.  Where is the incentive for the citizen to avoid the black market?  The US dollar is much stronger in Iraq than the Iraqi dinar.  The only thing you could do is try to find a way to strengthen the dinar as much as possible so it can compete with the US dollar.

Let's talk about the high possibly of a reevaluation taking place here real soon with the Iraqi dinar...

 Article:  "The dollar is flying fast and registering 162 thousand dinars in the markets". 

1,620 for every dollar is a huge gap between the fixed rate of 1,320...Iraq is going to have to do something very soon about this situation.  

They can't keep allowing this to get out of control.  It's causing inflation...and it's affecting the economy... The last time we started to see this type of gap between the fixed rate and the black market rate, Iraq was forced to increase the value of dinar.

 IMO if this keeps getting out of control I don't think they're going to have any choice but to do the same thing again...

Keep in mind the Iraqi dinar before they devalued you got 1,190 dinars for every dollar, it dropped down to 1,450 for every dollar then they increased it to where you get 1,300 for every dollar.  If they go to make a move again is it possible they finally bring us back to where we started from at 1,190 or every dollar.  It almost looks unavoidable at this moment.