Thanks TerryTate. I didn't think of it that way. Don't get me wrong I'm happy to see any movement on the dinar. Hopefully the end is near. I will be hanging onto my dinars if it does RV between .02 - .05.
Thanks,
mewannapeg
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Thanks TerryTate. I didn't think of it that way. Don't get me wrong I'm happy to see any movement on the dinar. Hopefully the end is near. I will be hanging onto my dinars if it does RV between .02 - .05.
Thanks,
mewannapeg
To add to the above question, I have a few questions for our experts...
If they PEG the rate to either the US Dollar or Euro, does this mean that it won't be on the Forex? Or does this mean that the rate will NOT "float" (assuming UP) with "supply and demand" market influences?
Also assuming it goes on the Forex (ie. traded by more than just a handfull of banks worldwide)...wouldn't the banks just hold onto all that is traded in. I guess there is a point when they have too much in their portfolio (just to throw out a number, lets say a midsize bank might hold 500 million in foreign money, a biggie like Chase, BoA, Citi, ect might hold 2-5 Billion...)
Anybody have any ideas about this...
By the way, thanks Danny for the information.
Dinarstars
I'm not going to rip on Danny today but if there is an auction tomorrow can we please stop bringing the quotes from that lier Secretkey over here. That guy is nothing but a BS er.
Foreplay / Long Time
Boston