Posted 07 May 2013 - 05:24 PM
5-7-2013 Newshound Guru Kaperoni Article: "Print dinar universal security specifications will strengthen the confidence indicators in local currency" the IMF...did not ask them [Iraq] to RV the dinar..they asked them to chose an "exchange regime." There are only three choices for an exchange regime..free float, managed float, or pegged. The reason they will come out low is there is 6-10 trillion dinar that needs to be accounted for outside Iraq. Iraq cannot fund a RV at 1 to $1 with that much dinar and no central bank is going to buy the Iraqi dinar at that rate taking the risk that it would fail. [post 1 of 2....stay tuned]
Posted 07 May 2013 - 06:47 PM
I don't care if it comes out at .10 or .25. Let's just get something done and get on with life...........
Edited by Bull Dog, 07 May 2013 - 06:47 PM.
Posted 07 May 2013 - 07:32 PM
Posted 08 May 2013 - 08:59 AM
This is, without a doubt, the most realistic analysis I seen to date of how any potential RV must be accomplished. The idea that Iraq can support even a 1 to 1 RV is ludacrous given the huge amount of Dinar that exist. The forex market would never accept/support a hight rate, and that is what will govern any eventual (as opposed to the every-imminent fantasy) RV in the real world.
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