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Showing results for tags 'no rv/ri.'.
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Luigi found this article of Dinarian interests. Guru Kaperoni: Iraq is not ready...believes a float could be months away. Everything in Iraq is NOT done. There are still many financial laws to be passed. Treat as a rumor. Nothing varafied. Your opine. 3-22-2019 Newshound Guru Kaperoni : Two articles...confirm the plan for the currency: As We Have Said For Years. It will not RV or RI, but will gradually rise over time via float. These articles are simply stating that the government is going to begin to take action (like passing laws) which will have an effect on the CBI (and exchange rate). IMO, Still Weeks Maybe Months. Exciting news for sure but this still takes time. First we need the laws, then the investors/investment, then pressure on the capital account at the CBI, then the float to offset that pressure. Remember...the CBI is in control of monetary policy. And the government is in control of activating investment/investors. The tool the CBI uses to combat inflation is to float the dinar. This all takes time.
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Luigi says... I like the Kaps. I hope he is wrong on this article. Does this mean a gradual float before the RV?RI? Your comments. Your Opine. Not Varified. 10-25-2015 Newshound Guru Kaperoni Article quote: "If you look at public spending, a significant proportion of it are in foreign currency, which means that the currency was floated or re-pricing will not contribute significantly to the financing of the budget deficit.." This statement IMO is very important...there is no intent to revalue. It is not physically possible. I think that he is saying that until the dinar is worth more than the dollar it would not reduce the budget. That being said, only about 20% of the 2016 budget anyway is "investment" so it would not have much effect. The majority of the budget is "operational" meaning salaries, expenses etc. and we all know a dinar is a dinar in Iraq.
