Sunday, December 24, 2023

"RV UPDATE" BY PIMPY, 24 DEC

  Pimpy  

If they're going to make a change at all it's going to be happening at the end of this month or at the beginning of next month.  It's too expensive, too chaotic, not to mention it's very disruptive of the economy because people have to turn around and re-budget everything and that takes time and nobody want to go through that hassle partway through the year .  If it's going to happen it's going to happen between now and the beginning of next month.

Remember the goal is to become a cashless society...Just because they're doing away with the US dollar has nothing to do with them changing the Iraqi exchange rate.  I did say IMO towards the end of the first quarter, the beginning of the second quarter you might see a bump in the Iraqi dinar exchange rate only because of supply and demand.  If they do away with using the US dollar and they start using Iraqi dinar more in country, that's going to strengthen the Iraqi dinar.  Plus there's going be a much larger demand for the Iraqi dinar because the dollar won't be around anymore for them to use...

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