Friday Early Morning Kaperoni Opinion @ 8:10 AM CDT - 8/28/2020

[ronscarpa]

Good Morning Dinar Vets, here's an opinion & comment by Kaperoni that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq.  RON

 

 

*** Kaperoni *** ...Frank26 keeps talking about a sovereign currency, as if Iraq doesn't have one. They introduced the Iraqi dinar in 2003 they are a sovereign country with their own currency, he just doesn't like the value LOL. But 1190 is the value. There is no RV.  The Iraqi dinar is globally recognized. Oh, they do follow the IMF Charter. It just isn't really accepted internationally because they haven't moved the banking system from Article XIV to VIII.  Part of the charter of the IMF is that countries that have developing banking systems are always aspiring to engage with the world financial system and be in Article VIII.  If you read the Article IV Consultations with Iraq you will see that they have encouraged Iraq to meet the obligations of Article VIII and move to Article VIII to send a positive message  to the global investment community...(Post 1 of 2)....stay tuned for Post 2

 

[adhoc10]

And to add to some of Kaperoni's own perspective from a previous opinion piece.......

 

7-28-2019   Newshound Guru Kaperoni   ...IRAQ HAS BEEN CLEARED OF RESTRICTIONS UNDER ARTICLE XIV for some time, but still has one restriction under Article VIII they must overcome before they can officially accept Article VIII.

 

It would seem the ball is in Iraq''s court and they can announce an RV whenever their stars are aligned.The single restriction is summarized in the IMF PRESS RELEASE WITHOUT benefit of any clear objectives, rather an eye toward more financial accountibility and stability. The IMF document can be found at this link,

 

file:///C:/Users/User/Downloads/1IRQEA2019001 (1).pdf

[ronscarpa]

1 hour ago, adhoc10 said:

It would seem the ball is in Iraq''s court and they can announce an RV whenever their stars are aligned.The single restriction is summarized in the IMF PRESS RELEASE WITHOUT benefit of any clear objectives, rather an eye toward more financial accountibility and stability. The IMF document can be found at this link, file:///C:/Users/User/Downloads/1IRQEA2019001 (1).pdf

 

Thanks for your post adhoc10...absolutely, the ball is in Iraq's court to resolve the restriction..RON

>Note: Kaperoni's Post 2 of 2 is in Friday Morning Opinions @ 10 AM

Edited August 28, 2020 by ronscarpa