Deletion of zeros: the will of the state unit condition

[mrmcwhipit]

i still have to think of Shabibi saying even if it was i wouldnt tell you.  sure makes me go hmmm?

[yota691]

another article from this Guy...

Raed Fahmi: Big احتياطينا of currency and gold should be invested

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Published on Tuesday, 28 May 2013 19:56

BAGHDAD (Reuters) -
The Minister of Science and Technology and former chief economist Raed Fahmi, yesterday, that the reserve great for Iraq from foreign exchange and gold must be invested to increase the state's resources through the benefits accruing from this reserve. 
Fahmi said the agency "Nina": that Iraq and owned reserves great deal of foreign exchange and gold sponsor attribution of the power of the Iraqi dinar and raise the value of its currency against other currencies, it is plausible that the Iraqi currency is weak compared to what is owned by Iraq's large reserves in hard currency. 
said Fahmi that Iraq has today a large reserve of foreign exchange and gold should be guaranteed the stability of its currency, so it seems strange that exposed its currency to this form of oscillation, explaining that he is no harm to rely on gold to strengthen the local currency, as the reserve can be kept in the form of a portfolio of financial assets and deposits in hard currency in central banks and major international, also contains asset portfolio to gold and possibly precious metals again. 
continued: based combination portfolio of assets and currency reserves on the policy and management of the Central Bank of her, which I think he uses the experience of major financial companies specialized international. 
and sound management of the reserve should be aimed at maintaining the integrity of the reserve and protect it from various risks, as well as achieve the best returns him to strengthen the resources of the state. 
pointed out that "should be a strong dinar and the Iraqi economy need a clear strategy concerning currency and strengthen the ability to manage risk and volatility of economic, which coincides with Iraq," noting that "currency stabilization and strengthening of policies undertaken by the central bank, drawing on the expertise and advice provided by the International Monetary Fund (IMF) has perhaps specialized international companies as well. " 
and financial sources have pointed to rising Iraqi cash reserves of hard currency to U.S. $ 74 billion.
 

Edited July 19, 2013 by yota691

[mrmcwhipit]

nice article Yota not alot of BS in that one.

[zul]

Think about it.

Do you see a bright future for Iraq with a LOP or RD?

Do you see an improvement in the purchasing power with a LOP or RD?

LOP or RD is a neutral event.

Just my humble opinion.

Go RV, Go strong $1.16

 

It's a neutral event, no improvement on the purchasing power of their people. 

In a LOP situation, the money that  buys them a loaf of bread today, will still buys them a loaf of bread tomorrow. It is business as usual. 

But we have seen articles after articles that promises an increase in the purchasing power to their people. Is that still a LOP.

[TBomb]

Yota..you're the best!!!

[zigmeister]

More and more research I do on ME countries, they protect their reserves.  So having said that, one thing I believe they won't do is float.  Too many risks.

[Nelg]

I think I'll have a nice glass of iced tea and go to the rodeo tonight.  Nothing new going on here. 

[PringlesRV]

Yes, I understand what you are saying but, it doesn't change anything. The 25 dinar note will be just as hard to earn as the 25000 dinar note. Instead of earning 3 mil. Dinar a year, a family will earn 3 thsnd dinar a year. Instead of 130 bln dinar budget, --- 130 mln. budget. It all buys and pays the same, everyone just has fewer dinars in their pocket. Nothing is stronger until they raise the value. Just makes it easier to be an accountant.

 

What if they LOP then revalue to 1:$3? They still make 3,000 dinar a year, but now that 3,000 dinar will buy $9,000 worth of goods. Seems more logical than that 3 million dinar a year buying $3 million worth of goods in a 1:1 RV situation.

[sandfly]

YEP, HAVE A GOOD WEEKEND I'M WORKING