ronscarpa Posted April 26, 2021 Report Share Posted April 26, 2021 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 *** An Article...came out from economic adviser Saleh stating Iraq cannot float the dinar because is using the daily currency auctions. He mentions several reason. This is true. They cannot float while they continue to use the currency auctions. Iraq is only one of a few if even that left in the world using a currency auction. Central banks manage their currency by freedom of movement of capital and supply and demand selling blocks of currency to balance the exchange rate on the global financial system..(post 1 of 2).. *** Kaperoni *** Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange. Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system. We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy..(post 2 of 2).. 1 2 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted April 26, 2021 Report Share Posted April 26, 2021 1 hour ago, ronscarpa said: Sunday Midnight Kaperoni And Not That It’s Ideal Captain Ron - ‘Butt’ The Rumors Section Is Probably The Best Place If U Have To Take A Midnight Kraperoni ! Plus U Might Want To Hit That A Couple Of Times After ‘Floating’ One ... 5 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted April 26, 2021 Report Share Posted April 26, 2021 The Kaperoni has been the Great Float King from day one. Now he introduces an article stating a float will not work. Mr. Flip flopper changes his tune. Proof, Gurus are no experts on anything. 3 Quote Link to comment Share on other sites More sharing options...
yendor Posted April 26, 2021 Report Share Posted April 26, 2021 1 hour ago, Luigi1 said: The Kaperoni has been the Great Float King from day one. Now he introduces an article stating a float will not work. Mr. Flip flopper changes his tune. Proof, Gurus are no experts on anything. AMEN ! AMEN ! AMEN ! 1 Quote Link to comment Share on other sites More sharing options...
nfire Posted April 26, 2021 Report Share Posted April 26, 2021 I didn’t take it as he is saying no float now. He was saying you can’t float and have currency auctions going on at same time. 2 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted April 26, 2021 Report Share Posted April 26, 2021 2 hours ago, nfire said: I didn’t take it as he is saying no float now. He was saying you can’t float and have currency auctions going on at same time. Yeah, he’s still on the float boat Quote Link to comment Share on other sites More sharing options...
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