Enorrste

Enorrste – Dinar Guru   …They are not just hoping for a floating dinar, they are counting on it.  The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent.  Only with a strong currency can they take the risk of moving to a float.  With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency…Thus the dinar is one of the strongest currencies in the world despite its current low value.  As the float begins the they will see the value of the dinar begin to rise.  As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar.  Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal.  [Post 2 of 2]

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