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It's Begining To Look A Lot Like Floatmas


Luigi1
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Luigi asks...

Was the Kaps right all along about a float?

It looking more like a float rather than a RV/RI.

A IMF Report suggests a float is in the air.

Maybe it will come out a .10 cents & float from there.

A RV/RI would be nice but I can deal with that. It's a start.

Treat as a rumor. Not varafied. Your opine.

 

 

 

12-16-2019   Newshound Guru Kaperoni   ...the IMF councils the CBI what to do.  And they told them to float the currency.  Never has there been talk of a RV or RI...Here is a direct quote from the IMF to the CBI from 2012 Article IV consultation..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy."  That is a float people not a RV or RI!   Here is the rest of that quote from the IMF.....

"Such flexibility could allow a PREDICTABLE & GRADUAL APPRECIATION of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect,"
 

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On 12/17/2019 at 8:02 AM, Luigi1 said:

Here is a direct quote from the IMF to the CBI from 2012 Article IV consultation..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy."  That is a float people not a RV or RI!   Here is the rest of that quote from the IMF.....

 

Yes..... Iraq might float/managed float their currency..... But that's not the issue. 

 

The real issue is.... At what rate will Iraq float their currency?. Definitely not at program rate of 1190.

Without true equilibrium rate.....it would be suicidal for Iraq ~ the exchange rate would be too volatile as investors and speculators starts to flock in. 

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