Thread: dinar fixed rate

I think I'm reading what I'm seeing. This looks like what we have been waiting for....

Found the article but it's dated the 17th

So is this the information that we have been waiting to see. If I remember correctly once the reval happens that all we have to do is wait for the rate to get to where we want it.

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CBI adopts fixed ID exchange rate


Baghdad (NINA)- The Central Bank of Iraq CBI has announced adopting the exchange rate of Iraqi Dinar against the US Dollar, settled on last Thursdays auction until March 19. A CBI statement said Saturday that the measure came within the previously adopted measures, aiming at boosting Iraqi Dinar

A FIXED RATE DEFENITION
A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. As the reference value rises and falls, so does the currency pegged to it. A currency that uses a fixed exchange rate is known as a fixed currency. The opposite of a fixed exchange rate is a floating exchange rate.

Revaluation means a rise of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. The antonyme of revaluation is devaluation.

Source: NINANEWS