Go Iraq Part 2

[ChuckFinley]

Looking for the Bros. Bring those news clips.  

[lmb4321]

Just checking in.....yes where are the Bro's??

[navira]

Here bro haha

[Pitcher]

18 minutes ago, cranman said:

.  I truly hope we are at the bank before end of July. 

 

The news appears to be getting better every day but this is Iraq.  This thread is fun with a lot of cheerleading but we all know anything can happen. Be patient it will happen when it happens.  Iraq has come too far to turn back now, imho.  

[Pitcher]

Just now, navira said:

Here bro haha

 

Haha, I took a nap so I’m here until I fall asleep.  I think I have about an hour or two.  🍻 Cheers.  

[zul]

3 hours ago, navira said:

Hey bro, is there an article that says this? : The Liberalization of prices is the most important implication in the market economy...]. I can't help but believe that means floating the currency.  You can't liberalize the price without changing the value...I don't know why he didn't say float the currency but he called it liberalization of prices.  Sounds like a float to me...wow.

 

Iraq has been building up their foreign reserves and this tells me that they are planning (or continue to) to fix the value of their currency in terms of their foreign reserves.

Traditionally, countries with floating exchange rate don't have huge foreign reserves. ( Eg. USA foreign currency reserves is only $123.5 billion as of August 2018 vs 1.6 trillion cash in circulation).

 

( i think)...when IMF suggested to iraq that they need to liberalize their exchange rate ~ a full floating regime is NOT the only option. 

 

Iraq could adopt a safer options (in terms of stability) of a managed float exchange rate which consist of a band (a fluctuation range), a basket of currencies (which they have been talking about), and allowing the exchange rates to appreciate or depreciate at a pace under CBI's control.

 

With their huge reconstructions cost  (about 80 billion USD), we can expect huge capital surge coming into Iraq over a short period of time and this would put a lot of upward pressure on their exchange rate (IF they were to full float their exchange rate), causing stress and overheating to their economy and a source of deflation which could be disruptive and very harmful to their reconstruction process.
I don't think iraq would want that.

 

What I think iraq would do is to RV their currency to a value (eg. Equivalent to 1 USD), thus absorbing the impact of sudden upward pressure to their exchange rate, and then managed float from there........giving them the much needed stability for their reconstruction process.

 

They keyword here is: STABILITY.

[navira]

Been reading all the articles that I recieved bros...hope to post some good ones...just as soon as I find some..cheers bros

[navira]

Thanks bro zul

[Arceo]

3 minutes ago, navira said:

Been reading all the articles that I recieved bros...hope to post some good ones...just as soon as I find some..cheers bros

 

3 minutes ago, navira said:

Been reading all the articles that I recieved bros...hope to post some good ones...just as soon as I find some..cheers bros

 

 

So so there’s none? Damnn. Back to PBR instead of champagne lol

[navira]

Lol bro

[lmb4321]

Thanks Zul, That was a Great Read.......

[lmb4321]

14 minutes ago, navira said:

Been reading all the articles that I recieved bros...hope to post some good ones...just as soon as I find some..cheers bros

 

Thanks navira,  looking forward to news that the Education Minister

is done...haha

Cheers....Bro....

[navira]

Cheers bro

[6ly410]

good evening bros lets go 

[6ly410]

something is cooking bro haha cheers 

Edited July 21, 2019 by 6ly410

[navira]

Something is definitely cooking bro

[6ly410]

Cheers bro 

[nfire]

Missed all the Maui talk . Headed their beginning of next month. My son got his Make-A-Wish granted and he chose volcanoes and swimming with the sea turtles. It should be a once in a lifetime trip and really looking forward to it. 

Edited July 21, 2019 by nfire

[navira]

Maui...here I come post rv, haha..cheers

[6ly410]

haha post RV cheers 

[navira]

Let's keep this thread open post rv bros..hoping Adam doesn't shutdown the site.

[zul]

46 minutes ago, navira said:

Thanks bro zul

 

38 minutes ago, lmb4321 said:

Thanks Zul, That was a Great Read.......

 

Tq Bros...let's go.

 

[6ly410]

I can’t wait bro wow post RV 

[navira]

Let's go..cheers bro

[navira]

We can open a site and call it...bros site post rv, haha