Thursday Kaperoni Opinion @ 2:10 PM EDT - 7/18/2019

ronscarpa · July 18, 2019

7-18-2019 Newshound Guru Kaperoni It has been 16 months that the CBI has stabilized the currency in the country to within 2% as identified by the IMF requirement...that's been a problem over the years where the currency went out of compliance and the dinar devalued to the dollar...what they've done is a really good job with the help of the U.S. Treasury to get this under control...yes they've brought the reserves to 72 Billion now and I think one of the 5 largest reserves in the Middle East but there are some other things kinda under the table here which are all relative. When Iraq accepts Article VIII they have held stability for 17 months when the requirement was only 90 days. They have done a really wonderful job creating a situation where they are creating a lot of confidence in their banking system for financial experts around the world as they look at should they bring money into Iraq and trust the banking system...

7-18-2019 Newshound/Intel Guru RVAlready The problem with anyone who says this will float up from program rate is that it is in direct opposition to what Dr Shabibi said, which was NO FLOAT... Shabibi planned the entire RV. ...Shabibi clearly stated initial rate would be 3.22 plus up to 20% and close to Kuwait. .....That may have been the plan when Shabibi was head of the CBI, but there is a different mindset in the CBI now, and "NO ONE" outside the CBI & GOI really know what will happen, when it will happen, and how it will happen....all we can do is wait, hope, and pray. I feel it may occur soon based on a number of factors, but all we can do is wait. That's my opinion....RON