by Vixen » Fri Mar 01, 2013 6:51 pm
3-1-2013 *Adam Montana ~[An article stated that in modern times the biggest overnight RV of a currency was 35% or so. If the dinar RVed to even a .10 rate, that would be an approximate 10,000% increase if my math is right. Would an overnight RV of this magnitude be possible? Plus imagine the chaos at the banks as thousands rushed to cash in. Would it be more likely that the dinar become tradeable at or just higher than the present rate and be allowed to float upwards towards the .10 (or hopefully higher) rate over time?] Of course it is possible. It may be more likely that it would simply grow slowly over time (such as may happen if they raise the rate to 1000:1 later this year as they have mentioned a few times), but it's also important to remember that they LOST the same percentage of value on their currency when Saddam was removed.The one thing they did NOT lose is their natural resources. While they are working to restabilize their government and society in general, the value of their currency has remained at a low level... in fact, TOO low in many of our opinions. Obviously there is no guarantee that it will ever get back to the previous rate, but I believe it will. That's why I'm here speculating on it.