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Kaperoni says that they are setting the stage or creating the right environment so the dinar will succeed.
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Kaperoni says that they are setting the stage or creating the right environment so the dinar will succeed.
Kaperoni
[Make a person wonder why they are so set against raising the value of the dinar.] I do not see Iraq against raising the value...its more about setting the stage or creating the right environment so the dinar will succeed.
If you believe the plan, and the IMF documentation, they must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq. If they do not, the launching of the currency will fail.
If you think about it, if Shabibi wanted to, he could have continued to appreciate the dinar all the way up to 1 to $1 or greater back when he started in 2003-2004 with the new dinar. He didn't...in fact he stopped at a number (1000:1) that I think was predetermined as part of the plan to lure investors at a fair risk/reward price. I believe that was for a reason..one of which was to leave enough room to develop the oil sector (the first appreciation) and the market economy is next step using the dinar to absorb the inflationary pressure created by the influx of investors and investment.
So I know it gets frustrating, but once the stage is set, I am a strong believer the appreciation of the dinar will be part of that phase.
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