Why is it I tend to believe the info if it says it will not happen soon???

11-14-2013   Newshound Guru Kaperoni   Article:  "Central Bank plans to issue bonds in local currency for the first time since 2003"   Yesterday, the CBI announced they were going to sell bonds denominated in dinar for monetary policy!  This is huge as they are going to use this tool (bonds) to lower the market rate.  Sell bonds for dinar, creates demand for dinar thus increases the market value (lowers the spread between official rate and market rate).  


11-14-2013   Newshound Guru Kaperoni    Keep in mind this plan has nothing to do with the official rate of the dinar.  This is an "in country" issue.  The bottom line is, nothing is going to happen with the dinar till Iraq gets this rate in line with the IMF requirements.  So were not going to see any movement or new exchange regime/Article VIII for at least 45 days...probably 90 days.

hezekaih you are close. let me expand a bit. before it rvs there are eco baking and trade laws as well as the budget hcl nd several others must be passed. now they are being stalled by m buddies. here is a perfect example the goi was given 3 days to agree on the budget so they could vote on sunday before there hard deserved month vacation well they did not and vacation. the next session starts on dec17 ends jan 17 umm. m goal is tostall until closer to election time which is the end of apr. yes they are progressing and doing things that is needed for the rv but it is controlled and delibrate. if you have been following facts and not gurus you will see a pattern. the end result is one to one which makes perfect sice to start then work its way up.

I do agree that it will most likely be a while, however I do not agree that there is any sort of requirement for the rate to be in line with any sort of IMF requirement. Everyone is so focused on IMF Article 8, but that has to do with meeting obligations, and that can be done whether the rate is 1:3.50, 1:1 or 1160:1. It makes no difference, you sell an item at a negotiated price, and the buyer pays that price. It makes no difference what the value of the currency is per se, although that MAY effect the price. For example, that coke might cost 1 dinar at a 1:1 rate, but 1160 at a 1160:1 rate.

Jayzze,  I am very interested in hearing more about these baking laws.