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Jeff5588

By Jeff5588,
in Dinar Rumors

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luckylucy Newbie

luckylucy

Posted
Posted

Jeff5588 ... not sure where you got this, but is appears to be posted by Gankins in another dinar site.... March 17, 2010 at 12:02PM "Proof of Iraq's Action Plan" is how he titled it.

luckylucy

Posted by Tampa1000. His assesment.

" Have FAITH AND READ THIS!!!

1. Proof of Iraq's Action Plan to RV!!!

As most of you, I always want to get to the bottom line of what is actually so, or the truth. The recent IMF

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jaq Newbie

jaq

Posted
Posted (edited)

32. The lack of data and large structural changes in the Iraqi economy preclude any

meaningful estimation of the equilibrium real exchange rate. A very crude assessment

suggests that the dinar is broadly in line with fundamentals.4 With the drop in oil prices, it

appears that a possible prior undervaluation has disappeared, and that the dinar could even be

somewhat overvalued. The relative low levels of headline and core inflation, however, do not

suggest any significant deviation from the equilibrium real effective exchange rate.

Moreover, as oil revenues are expected to rise substantially over the medium- to longer term,

the equilibrium real exchange rate is likely to rise as well. More importantly, a nominal

depreciation could undermine confidence in the dinar, destabilize expectations, lead to

increased dollarization, and reignite inflation, reversing the hard-won gains made in recent

years. The CBI therefore intends to continue to keep the exchange rate stable, but will

consult with staff if its reserves were to fall significantly below the program targets..

55. Staff supports the CBI’s intention to continue to manage the exchange rate with

a view to keeping inflation under control. Although difficult to assess, the exchange rate

appears to be broadly in line with fundamentals, taking into account the expected increase in

oil production. Moreover, a strong and stable currency provides a solid anchor for the

public’s expectations. The CBI should continue to keep a close watch on inflation and be

ready to raise the policy interest rate if core inflation were to pick up again.

http://www.imf.org/external/pubs/ft/scr/2010/cr1072.pdf

Edited by jaq
continuing..
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Chief V Newbie

Chief V

Posted
Posted

That DC Area Code is where the IMF is based, in Washington DC. What Jaq posted up there is interesting as well, kind of takes some of the peanut butter off the bread so to speak in Tampa1000's article, which is actually the previous paragraph to what he stated it appears. As long as it happens by August....I'll be happy! December wouldn't hurt either, but of course we all hope the first week of April!! I'm not counting on this weekend.....but we'll see!! :)

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