Thread: Revalue Unnecessary

not sure if all ready posted but FYI

Snippet taken from interview with Executive Manager of the IASD:

Q. "When do you believe the Central Bank of Iraq will revalue the Iraqi Dinar to a more legitimate exchange rate then the de facto peg as it currently stands?"

A. "I don't see why the Central Bank needs to revalue the Currency, the exchange rate is almost stable."

mmmmmmmm...

To read full interview use this link:
ISX-Data.com / Interview: Iraqi Association of Securities Dealers

Like he's going to come out and say, 'yes, next week our value will be $1.48 to the dinar', lol.

Originally Posted by mogo

not sure if all ready posted but FYI

Snippet taken from interview with Executive Manager of the IASD:

Q. "When do you believe the Central Bank of Iraq will revalue the Iraqi Dinar to a more legitimate exchange rate then the de facto peg as it currently stands?"

A. "I don't see why the Central Bank needs to revalue the Currency, the exchange rate is almost stable."

mmmmmmmm...

To read full interview use this link:
ISX-Data.com / Interview: Iraqi Association of Securities Dealers

This article was from:By: American Contractor (email)
Published: 09/30/2006
Need I say more.

Good find Kate. I saw that also.

Originally Posted by 2shoes

This article was from:By: American Contractor (email)
Published: 09/30/2006
Need I say more.

"the exchange rate is stable" is like saying "the patient is stable, doctor," about a dead patient.

Originally Posted by mogo

not sure if all ready posted but FYI

Snippet taken from interview with Executive Manager of the IASD:

Q. "When do you believe the Central Bank of Iraq will revalue the Iraqi Dinar to a more legitimate exchange rate then the de facto peg as it currently stands?"

A. "I don't see why the Central Bank needs to revalue the Currency, the exchange rate is almost stable."

mmmmmmmm...

To read full interview use this link:
ISX-Data.com / Interview: Iraqi Association of Securities Dealers

Bad link when I clicked on it gave an error message of not found

worf

Any exchange rate at that low a price like the IQD would be stable and easy to keep stable... That is why they started it there. Because the govt. was so f'd up and needed stability in one area atleast. I think they can handle some friction now so they will R/v and we will be nice little investors and cash in!!!!

Originally Posted by mogo

not sure if all ready posted but FYI

Snippet taken from interview with Executive Manager of the IASD:

Q. "When do you believe the Central Bank of Iraq will revalue the Iraqi Dinar to a more legitimate exchange rate then the de facto peg as it currently stands?"

A. "I don't see why the Central Bank needs to revalue the Currency, the exchange rate is almost stable."

mmmmmmmm...

To read full interview use this link:
ISX-Data.com / Interview: Iraqi Association of Securities Dealers

Some people will do anything for a Buck.

Want to Contribute an Article?
Have an opinion on the Iraqi economy and/or the ISX? Want to get publicity and paid for your opinions? Submit your editorial to us for review and publication!

Email Us: [email protected]