Friday, January 28, 2011

1-28-11 Iraqi Dinar - Remarkable Rise Against Dollar

Highlights/Thoughts
Click on the title of this posting to get the details of this article on PD

After that last posting, this was a bit more on the up beat!

1. Central bank adviser said the dinar will rise against the dollar in the coming period
2. He said expect to see the dinar to rise significantly against other currencies especially the dollar
3. He said there will not be a budget deficit
4. He explained that the dinar will rise because of the drop in the dollar and the rising oil price
5. He also talked about their efforts to remove the zeros from the dinar, which was a move to reduce inflation, close the gap in value compared to the dollar, and to eliminate large amounts by reducing it to its lowest limits

No comments:

Post a Comment