ronscarpa Posted November 9, 2021 Report Share Posted November 9, 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 *** Frank26 You may say, 'Oh...as soon as Kuwait is paid off we're going to see the monetary reform of the Iraqi dinar.' I would say to you, NO. You don't need to pay off Kuwait in order lift the value of your currency. You need to pay Kuwait in order to be lifted from the sanctions and those sanctions are a tangibility of why they haven't raised the value of their currency. Even though they are not directly related...they certainly are indirectly related...all that is being done to allow Iraq to lift the value of their currency is before us and it is just extremely exciting... ** Sandy Ingram Article: "Iraq pays $490 million in war reparations to Kuwait" Iraq has lived up to its obligations and paid Kuwait over another $490 million in war reparations... ** Kaperoni ...The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy...Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate,..." [Post 1 of 3].. ** Kaperoni Floating the dinar would give the CBI a mechanism to allow the currency to gradually appreciate to counter inflationary pressure created by investment and growth in the economy. It also would give them a mechanism to remove the dinar gradually from circulation as the dinar appreciates in value. This IMO is the only way I can see them significantly reducing the money supply. The alternative is a re-denomination (LOP). [Post 2 of 3].. ** Kaperoni Though none of us want to see them re-denominate/LOP, it must be known there are various colleges in Iraq hosting seminar / symposiums on the subject. So as dinar investors we should all be aware a re-denomination/LOP is a real possibility. What that means is the IMF is encouraging Iraq to float the dinar. Not RV the dinar...[Post 3 of 3].. 7 1 Quote Link to comment Share on other sites More sharing options...
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