mikey409 Posted March 30, 2011 Report Share Posted March 30, 2011 http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf Link to comment Share on other sites More sharing options...
DinarChiTown Posted March 30, 2011 Report Share Posted March 30, 2011 (edited) Here's what it says... 15. The CBI will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation. Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly. I don't like the sound of this at all... Edited March 30, 2011 by DinarChiTown Link to comment Share on other sites More sharing options...
mikey409 Posted March 30, 2011 Author Report Share Posted March 30, 2011 Here's what it says... 15. The CBI will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation. Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly. I don't like the sound of this at all... I agreee...makes it sound like they are happy the way it is staying stable and dont want to change Link to comment Share on other sites More sharing options...
JuryPicker Posted March 30, 2011 Report Share Posted March 30, 2011 I agree!!!!!! I'm selling out. Call Ali and tell him to get ready. What do you think public docs will say? We will Revalue our currency on April 1, 2011 . Just wanted to give everybody a heads up on what we're doing. Buy Buy Buy Buy Buy WoooooHoooooo Link to comment Share on other sites More sharing options...
DinarChiTown Posted March 30, 2011 Report Share Posted March 30, 2011 I agree!!!!!! I'm selling out. Call Ali and tell him to get ready. What do you think public docs will say? We will Revalue our currency on April 1, 2011 . Just wanted to give everybody a heads up on what we're doing. Buy Buy Buy Buy Buy WoooooHoooooo Of course they're not going to say anything regarding an RV in a public document. However, I've never read anything before where they specifically said the Dinar is neither over or under valued. It's just a little disconcerting... Link to comment Share on other sites More sharing options...
Off-the-grid Posted March 30, 2011 Report Share Posted March 30, 2011 Y'all need to see Brietling's analysis of this document. Adam has posted it. This doc is to convince the IMF to extend/increase Iraq's credit. NO WAY they would ever mention the RV in a public document like this. This document has absolutely NO BEARING on the RV, one way or the other. Do NOT PANIC because of this thing. IGNORE IT!!! Not pertinent. This has been addressed repeatedly yesterday! Why did you start a new thread on it again? Old, useless non-news - so please relax! Peace and Prosperity 2 Link to comment Share on other sites More sharing options...
FOUNDIT Posted March 30, 2011 Report Share Posted March 30, 2011 Look at the facts....thier inflation numbers have more than doubled in one year from 2% to 5.5%. So much for stability.The article is BS plain and simple. 1 Link to comment Share on other sites More sharing options...
Serenity Posted March 30, 2011 Report Share Posted March 30, 2011 "The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information"- Did anyone ever notice this statement? Its on the bottom of the first page....They have to be transparent, but only up to a certain point....Its called moral suasion...Its ALLLLLLLLLL GOOD!! Link to comment Share on other sites More sharing options...
dog53 Posted March 30, 2011 Report Share Posted March 30, 2011 "The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information"- Did anyone ever notice this statement? Its on the bottom of the first page....They have to be transparent, but only up to a certain point....Its called moral suasion...Its ALLLLLLLLLL GOOD!! Well that made me feel all warm and fuzzy inside Good Post Link to comment Share on other sites More sharing options...
Don Paul Posted March 30, 2011 Report Share Posted March 30, 2011 Look people. There are AT MOST five people in the WHOLE world who may have an idea of the RV. One is probably Shabibi the other Maliki, and one in the IMF and probably a couple more at the most. NO one of these could/would even HINT at an RV, much less in a public document such as this. If they did, IRAQ would be illiquidly be bought out and destroyed financially in hours. Dont you get how secretive this REALLY has to be?? 2 Link to comment Share on other sites More sharing options...
akeskimo Posted March 30, 2011 Report Share Posted March 30, 2011 The incredulity and impeccability of the nonthinkers is incredibly outrageous! Go rv! Link to comment Share on other sites More sharing options...
elmstreet61 Posted March 30, 2011 Report Share Posted March 30, 2011 Look people. There are AT MOST five people in the WHOLE world who may have an idea of the RV. One is probably Shabibi the other Maliki, and one in the IMF and probably a couple more at the most. NO one of these could/would even HINT at an RV, much less in a public document such as this. If they did, IRAQ would be illiquidly be bought out and destroyed financially in hours. Dont you get how secretive this REALLY has to be?? Precisely correct Don Paul. it's the same as Insider Trading on the stock market....you cannot tell people the date and rate...the people just have to be at the right place at the right time...finger on the pulse, constantly. Thats' why i'm so grateful to Adam and others for their websites...like this one. keep up the great work...and relax...but keep eyes and ears open. Love, Respect, Light And Laughter to all. Oh, yes...and RRRRRRRRRRRR VEEEEEEEEEEEEEEEEEE!! 1 Link to comment Share on other sites More sharing options...
Don Paul Posted March 30, 2011 Report Share Posted March 30, 2011 Precisely correct Don Paul. it's the same as Insider Trading on the stock market....you cannot tell people the date and rate...the people just have to be at the right place at the right time...finger on the pulse, constantly. That's a better comparison. Elmstreet. Imagine insider trading times a million, with the balance of an entire nation at risk 1 Link to comment Share on other sites More sharing options...
tjmunson Posted March 30, 2011 Report Share Posted March 30, 2011 Look at the facts....thier inflation numbers have more than doubled in one year from 2% to 5.5%. So much for stability.The article is BS plain and simple. BINGO!!!......as I said yesterday, inflation is our friend. As inflation rises, the only choice they have to bring it down is to increase the value of their currency. They go hand in hand. This article says no need to RV if inflation remains low......well guess what....it aint stayin low! Peace 2 Link to comment Share on other sites More sharing options...
starlight Posted March 31, 2011 Report Share Posted March 31, 2011 Look people. There are AT MOST five people in the WHOLE world who may have an idea of the RV. One is probably Shabibi the other Maliki, and one in the IMF and probably a couple more at the most. NO one of these could/would even HINT at an RV, much less in a public document such as this. If they did, IRAQ would be illiquidly be bought out and destroyed financially in hours. Dont you get how secretive this REALLY has to be?? If they say they're not going to RV, then they will, i.e., like China did. Link to comment Share on other sites More sharing options...
tommyboy Posted March 31, 2011 Report Share Posted March 31, 2011 Remember that it is the CBI's job to keep inflation in check and one way they do it is by having the dinar auctions. Do you think all the buy and sell prices are arrived at arbitrarily? The have to have a stable economy and money to get in to IMF. Link to comment Share on other sites More sharing options...
jericho Posted March 31, 2011 Report Share Posted March 31, 2011 I think it was viper51 that predicted misinformaion and conflicting reports intensifying the closer we get! Link to comment Share on other sites More sharing options...
Wassaap Posted March 31, 2011 Report Share Posted March 31, 2011 Sounds like something that might have been true last year. The amount of news being recycled is atrocious. Link to comment Share on other sites More sharing options...
hoosier1470 Posted March 31, 2011 Report Share Posted March 31, 2011 Im so glad to have so many folks give insight on all of this! Being new to it, I am still in the dark on most things! Thanks to all!!!!! GO RV!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
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