Expert expects lower inflation rates Attributes the rise to pump large amounts of iraq dinar money into the market

[truthful1]

Nm

Edited December 30, 2011 by truthful1

[onerighthand]

Nice try, but this was posted yesterday

Somebody tell me what I did wrong and why I am being negged

[truthful1]

Somebody tell me what I did wrong and why I am being negged

Nm

Edited December 30, 2011 by truthful1

[Stryker365]

Thats great news Stryker.

Thanks Zig, the wife is happy for me too....I'll be out of her hair starting next week...

[genevieve]

This one is too easy. Learn from the past. It's pumper season. The CBI miscalculated on the GOI spending.

I'll take a declassified letter over an OpEd.

Move down to number 7.

7. (SBU) Another factor is that last year there was a

substantial appreciation of the dinar against the dollar

between November and the end of December, and money traders

could be expecting this to happen again. A December 10 CBI

press release announcing the withdrawal of the three lowest

dinar denominated coins (dinar 25, 50, and 100) also could

have further spurred speculation. Iraqi markets are not

efficient or well integrated and prices are not well

arbitraged--this means rumors can have big effects

temporarily.

http://dazzlepod.com/cable/07BAGHDAD4058/?q=Iraqi%20dinar

1. © SUMMARY: Demand for the dinar has risen this past week

in response to the holiday period, a reported drop in

imported good prices in Baghdad due to an appreciating dinar

against the dollar and improved security, and speculation

among money traders of a sudden appreciation of the dinar

that occurred around this time last year. How the Central

Bank of Iraq (CBI) handles growing demand for the dinar will

be critical, especially in terms of expectations management

and injecting dinar liquidity into the market This is an

encouraging development for Iraq and reflects a vote of

confidence by Iraqis in their domestic economy and the

government's monetary policies. END SUMMARY.

Edited December 30, 2011 by genevieve

[fnbplanet]

This one is too easy. Learn from the past. It's pumper season. The CBI miscalculated on the GOI spending.

I'll take a declassified letter over an OpEd.

Move down to number 7.

7. (SBU) Another factor is that last year there was a

substantial appreciation of the dinar against the dollar

between November and the end of December, and money traders

could be expecting this to happen again. A December 10 CBI

press release announcing the withdrawal of the three lowest

dinar denominated coins (dinar 25, 50, and 100) also could

have further spurred speculation. Iraqi markets are not

efficient or well integrated and prices are not well

arbitraged--this means rumors can have big effects

temporarily.

Just to clarify to anyone joining in late, the above article is from 2007.

[genevieve]

Just to clarify to anyone joining in late, the above article is from 2007.

Well yeah (hence "learn from the past"), but it explains the mechanism of what the CBI must do to control inflation. Sorry I wasn't more clear.

BTW, it isn't an article it's a declassified doc to the US, not an article from a site that pumps dinar sales.

FM AMEMBASSY BAGHDAD

TO RUEHC/SECSTATE WASHDC 4835

INFO RUCNRAQ/IRAQ COLLECTIVE C O N F I D E N T I A L SECTION 01 OF 02 BAGHDAD 004058

Edited December 30, 2011 by genevieve

[Carrello]

I'll jump in here unirod and wish Nehal a prosperous, healthy and Happy New Year, the same goes for you, Aqua and the rest of the DV folks

I just picked me up a new gig (job to those younger folks out there) yesterday so our up coming New Year is already started better then it was yesterday!.

Stryker, great news! I am glad for you. Is it anything that goes fast? You know me, I am such a sucker.

[fnbplanet]

I'm with you on that - really. Just didn't want someone (like me - I'm a geek) who's watching this topic to come on an just read the most recent post and wonder what the heck is goin' on - that's all.

[genevieve]

I'm with you on that - really. Just didn't want someone (like me - I'm a geek) who's watching this topic to come on an just read the most recent post and wonder what the heck is goin' on - that's all.

No biggie, just love sharing. happy New Year.

[Carrello]

Well yeah (hence "learn from the past"), but it explains the mechanism of what the CBI must do to control inflation. Sorry I wasn't more clear.

BTW, it isn't an article it's a declassified doc to the US, not an article from a site that pumps dinar sales.

FM AMEMBASSY BAGHDAD

TO RUEHC/SECSTATE WASHDC 4835

INFO RUCNRAQ/IRAQ COLLECTIVE C O N F I D E N T I A L SECTION 01 OF 02 BAGHDAD 004058

Genevieve, that is impressive. Good move and fast.

Good for Oregon too, for calling it out.

Girl Power. Awesome.

[yota691]

I'll jump in here unirod and wish Nehal a prosperous, healthy and Happy New Year, the same goes for you, Aqua and the rest of the DV folks

I just picked me up a new gig (job to those younger folks out there) yesterday so our up coming New Year is already started better then it was yesterday!.

Good Job sir, amazing some folks can't find a job an your at in two days an already back at it . Good Job sir again

[Stryker365]

Stryker, great news! I am glad for you. Is it anything that goes fast? You know me, I am such a sucker.

Thanks Carrello, no not fast but it will enable be to keep some of my fast cars, what I have left anyway.

Good Job sir, amazing some folks can't find a job an your at in two days an already back at it . Good Job sir again

Thanks yota, well let me put it this way, its nice to know a lot of people and the right ones. I don't want to take anything away from those that are still looking because I feel very lucky that I just have someone that thinks I still have some life left in me, boy I got him fooled,.... .

[Butifldrm]

Shoot fire. I'll take 1.00-2.47, as the inflation controlling exchange rate. No problem. Goooooo RV.