ronscarpa Posted September 9, 2019 Report Share Posted September 9, 2019 9-9-2019 Newshound Guru Jeff All we need is a VP to finish the formation of the government? They have multiple positions to fill, Education, VP's, possible a few special grades. They'll need a few weeks to complete it...next session 9/14. 9-9-2019 Newshound Guru Jeff ...squashing his [Guru Kaperoni's] entire theory of, 'oh, they have to float it because they have 74 trillion in circulation'...CBI already came out and said they're gonna pull that large amount out of circulation when the rate changes. Because most of that 74 trillion is outside of Iraq held by investors in other countries and the CBI does not give two craps about it... 9-9-2019 Newshound Guru Kaperoni ...dinar rates...in excess of $3...not possible. Iraq could never afford any such RV/RI. The only scenario where I could see such a thing is if they LOP first. I've already stated I don't believe that Iraq would LOP. That being said, the only thing they can do is raise the value gradually over time as I've discussed many times via a float. The reason why I say they will float is 1. the IMF specifically gave such a directive, 2. Iraq can't afford any other increase in value with so much currency in circulation, 3. have to reduce the currency which can't occur until after the value starts to rise. So we'll just have to wait and see how the next several months play out. But I know one thing if they're going to raise the value it's going to have to occur gradually... 2 4 1 Quote Link to comment Share on other sites More sharing options...
pricestar8 Posted September 9, 2019 Report Share Posted September 9, 2019 The CBI will make money on the spread between buy and sell price as the currency increases value. 1 2 Quote Link to comment Share on other sites More sharing options...
Bandit795 Posted September 9, 2019 Report Share Posted September 9, 2019 Last month Kap said 8%-15% a year. The IQD would take 51 years to reach $1 worth with such a float. Kap is wrong. 1 2 2 Quote Link to comment Share on other sites More sharing options...
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