Iraqi Dinar Discussion Board

[Sunnybank]

I don't want to be like Mike... but he makes good points IMO.

10-1-2016 Newshound Guru mike When I first got into this the official rate was 1170-1 and then dropped to 1166-1. Last year the dinar took a small hit and the value went to 1182-1, which I never thought I'd see, we've been expecting a raise in the rate, not a decrease. As of yesterday, the street, or market rate for the dinar is 1291-1, roughly 9%. The MCP cannot exceed 2% so we're far from IMF MCP compliance. [post 3 of 3]

10-1-2016 Newshound Guru mike I know we're all counting on the beginning of 2017, but I remember when they said Iraq would join the world in the middle of 2016 and that never materialised. Here's hoping they can make good on their claim for 2017, it's clear that what they're doing now is moving the country backward, not forward...who would have thought we'd be sitting here in 2016 at 1182. Iraq needs a non-sectarian, transparent government wIth the political will to improve the quality of life for the citizens and advance the country. Your move, Abadi. [post 2 of 3....stay tuned]

10-1-2016 Newshound Guru mike Article: "Financial problem in Mesopotamia (the crisis generated crises) when dealing with (economic crisis) in Iraq? The causes and solutions? Why occupy Iraq is full of opportunities and resources armies of the unemployed?" Quote: "what we thought previously a good price (1500 dinars per US dollars) is no longer enough now." This guy is opposed to the idea of lowering the rate of the dinar to 1500-1, he states very clearly that a stronger dinar would be better for the citizens. Maintaining the status quo will continue to drain the reserves, if they don't make a move soon, the options available will be limited. He's also firmly against the trend Iraq has taken regarding trying to borrow their way out of the pickle they're in, it's not a long term solution, they're putting a band-aid on a bullet hole. [post 1 of 3....stay tuned]

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