"RV UPDATE" BY PIMPY, 11 JAN

  Pimpy  

 [I never said they will, I said they said they may revisit/consider 12 to 1.  But...]    Just because they switch it to 12 to 1 doesn't mean you have to cash in all your dinars.  If you believe it's going to go up more in value then hold on to them.  Cash some in at least, get some of your money back or cash in enough...to pay off your bills, pay off your house... cars... medical bills...make yourself debt free and then hold on to the rest of the dinars and see what happens. 

I never said there was an official 12 to 1 exchange rate.  What I said was I thought it was interesting that in that article they even considered revisiting the 12 to 1 exchange rate policy in the year 2026...It says  they're revisiting the 12 to 1 exchange rate policy and they're going to do it the beginning of 2026.   I didn't make that up, nor  did I say they were going to go to 12 to 1.  I was explaining to you what the 12 to 1 exchange rate policy is.      

I've heard so many [gurus] talk about - according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate.  No that's not right...To maintain stability Iraq needs to maintain a narrow spread, that's the gap between the official exchange rate and the black market.   Generally a spread of less than 5% is considered acceptable.   Not 2%, 5%.  A spread more than 10% is considered a significant risk to the economy.  Iraq is going to have to shoot for between 5 and 10%.  They want to be less than 10.  It'd be idealistic if they can get around 5...