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Here is what I got from "MY SOURCE" - Mr. I ( just kidding - it is all public): 1000 to 1 by THE END OF THIS YEAR ( no news there - which CBI already said it is a false rumour). What other better source than a Bank Manager? Is your source in the Government? Cause if it is, then with the cabinet reshuffle, he will be kicked out for leaking info! :toofunny:
Nothing personal, baby, just saying that your 1000 - 500- 1 scenario is just as credible as the $1.29 scenario , or $3.22 scenario. That's because Mr. I has limited access to info of this nature even from his position with the bank, just as your guys. NO ONE, except if they are at the high level - have access to this type of information.
If the HCL has been approved and the Parliament had the first look at it on a web site AFTER the GOI agreed on it, can you imagine what kind of security the Iraqis are capable of implementing when it comes to hot items like this?
1000 - 500- 1 is still a phenomenal profit in the currency market - if you think about it - so speculation will not slow down.
On the other hand, does not solve the inflation problem.
Only time will tell, only time....
And I am glad you shared whatever you could find out. We are here to dismantle it. :ro_emote: