bsims25
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They were still buying them when I called yesterday....must have read the news since then. I noticed that most of the dealers I called yesterday didn't have a clue about the cbi announcement. I wish I had his very fertile imagination. Lol You good folks want to know who I am??? Lol Thug is on to me. Didn't take him long to sniff me out. I swear I'm not dontlop. When I get 3 guesses I'll tell u.
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Ok, so I just spent over an hour at the IMF website, and read every single report they had on Iraq dated 2010 and There is nothing saying they estimated the value at between .86 and $1.13. I wonder which "guru" is responsible for this one. Lol My 2 guesses would be either Millionday, tlar. The franc moved about 30%... An IQD move to a dollar would be about 100,000%
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Yeah, I understand. Lol
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So did the IMF really say in 2010 that they estimated the value at between .86 and 1.13... but turn around the very next year and say... "The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar." If anyone has a link to the 2010 report please post it. I'm looking.
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Here's an IMF report from 2011. http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf This is from page 9. "15. The CBI will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation. Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly."