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Showing results for tags 'the poor house.'.
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Luigi says...Iraq can easily afford to RV at .10 cents then float from there. Kaperoni says Iraq's total net worth is $16 Trillion & $47 Trillion IQD in circulation. They have no choice but to LOP. They are broke even after a rate change. Iraq is getting all these IMF loans because they're good for it. Do you agree with The Kaps? Can Iraq still RV at a much lower rate? Treat as a rumor. Not varafied. Your opine. 8-31-2020 Newshound Guru Kaperoni There are still some who believe a significant overnight RV is possible. I have two articles that contradict the possibility of that ever happening...Iraq's net worth is only $16 trillion dollars...And the other clearly states 47 trillion dinar in circulation. ...They either have to LOP the dinar reducing trillions to billions or float the dinar as stated in the IMF Article IV with Iraq to gradually reduce the money supply. BTW, going from peg to a float is what most countries do, especially ones that are emerging with significant growth in their economies.
