Frank26
The next two months are going to be extremely exciting because we will be able to see and follow the evidence of every PIP movement on a daily basis. It will increase the value of the dinar's exchange rate.
It will eventually hit 1 to 1 and eradicate the black market. After the RI is established, maybe around $3.22, then they can start the float which might put you in the $4.00 range.
As far as when the rate comes out, I don't know and neither do you. But we both know without a doubt it is being delivered to the Iraqi citizens right now. But it is a process...It is a process that one day will lead you where you'll say, wow!
That process, that journey, will cause you to be amazed at what's going on. You have to be careful. Only you can make the decision on when to exchange your currency...Right now you're going to have to watch the closing of the [market rate and official rate] gap. Once it reaches that, then you're going to have to worry about the float. Where do you get off this train?
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