Sunday Morning Opinions @ 8:35 AM MDT - 12/03/2023

[ronscarpa]

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... So, take everything with a grain of salt ...  RON 

 

 

Pimpy  I found the steps Iraq would need to take in order to reinstate its $3.22 rate...Stabilize the economy by addressing issues such as inflation, unemployment and corruption...diversifying the economy beyond oil dependence...Monetary policy - To reinstate a specific exchange rate the Central Bank of Iraq would need to implement appropriate measures...like interest rates, reserve requirements and open market operations.  Third, Foreign Reserves - Iraq's foreign reserves...The more they get the better it is for them...particularly the US dollar would provide the CBI with the necessary resources to support the desired exchange rate..[Post 1 of 2]

 

 

Pimpy  Currency Auctions...Adjusting the auction mechanisms and policies could help control the supply and demand dynamics of the IQD...Fifth, Government of Iraq - Investors...have to feel their investment is secure.  Having a stable government and stable economy goes a long way.  Political stability...that encourages domestic and foreign investment ...Lastly, International support...IMF and World Bank...these organization can provide financial aid, technical assistance and guidance on implementing economic reforms...Those are the steps necessary to reinstate the $3.22 rate.  I still think it'll go up in increments just so they can make sure there is stability in the economy without bankrupting themselves..[Post 2 of 2]

 

 

[Luigi1]

Agree.

There will more than likely be a rate adjustment of 1,000 to 1 USD.

Followed by the 'Project To Delete The Zeros' at 1 to 1.

Then gradual increases until the RI is reached.   All IMHO.