[Blaino] stand by for news::::::::::::: updates, information & discussion just off the cphone a few minutes ago with texastom (okie's smarter brother) and apparently okie is inbound to the er with a worsening CASE... So smart to look after it! But he's "at himself," and i deemed him fit to drive and exercise his own judgement!
NOW... About tomorrow and what this way comes!!! we (pandaexpress team & our guys'es) are seeing some indications that vnd MAY... "may" open tomorrow... Bid is 1.74 to the usd and ask is 2.38.... that's units not PRICE.... Remember : it's 2.38 vnd to the USD... To one USD... So about $.42
11:19 PM [Kennypth] Lets see what tomorrow brings for the RV.
11:19 PM [jacque47] [Blaino] SO... Rv or float...which solves the problems the best? : ] rv: tens of thousands of people all trying to get into banks, currency exchanges at the same time.....clawing, fighting, threatening.... float::: some will exchange at 5 cents, some at 25 CENTS.... More at 50, ETC....
SO... As the bidding, selling, etc runs the price UP... And DOWN.... Fluctuating it's way to a future value mebby around $4+.....
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[Blaino] those that deem the value sufficient at a given moment will exchange and those that do not will wait or do some , then later MORE.... And this will serve as a buffer to the economy of IRAQ... Allowing time to adjust.
11:20 PM [jacque47] [Blaino] people... If the iqd floats soon, then the price will be set by the currency markets .... You can then trade it anywhere.... that price will rise (and prob fall back a lil under heavy selling pressure) according to the public's impression of value moneydr forex foreign exchange markets
[Blaino] the good news is that many people that never heard of the iqd will come into those markets to BUY... Creating upward pressure if they cut it loose, we could easilly see a dollar befor the 1st of january!
11:20 PM [jacque47] [Blaino] HisBlessed actually, full quotes are showing a peg to the usd now ] pairing, not peg : has not paired with the usd (correctly) since the sunday before thanksgiving.... When we first brought the news to you!
[Blaino] the vnd is definitly "controlled".... Did you not think the run on the vnd that started before thanksgiving would have created a demand pressure and pushed the price up??? Did it move??? SO... Whats the verdict?? Controlled!
[Blaino] junebug nope, it is PAIRED.... Let's see what it does in the morning... Panda, dewey, transporter and the old TEAM... May yet ride into another history making cc tomorrow evening! you heard it here first!
11:20 PM [da58] hoping he's right on the vnd, and wrong on the iqd..
11:21 PM [Kennypth] Blaino is saying the Dinar may come out in a float......but the VND is set to go between 42 cents to 57 cents. I hope he is right on the VND and wrong on the IQD....LOL.