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Kaperoni says some believe selling these bonds is the beginning of that pressure.

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Post by Ponee Sun Aug 02, 2015 11:03 am

 Kaperoni 

We are seeing some progress...Tariffs are in effect also taxes on electric and cell phone...And the GOI gave away power today to several provinces which to me is a bigger deal.  Bond sales of about 2 trillion dinar start locally, not internationally as some reported.  

[You still believe we wont be in the .70 or .90 range in the next year or 2?]   yes...maybe a dime by early 2017...all depends on how the economy grows and if parliament passes laws...you cannot look at a currencies value as what they need. A countries currency is a result of a countries GDP, growth, investment, etc. If the investors come, it will go up. Not the other way around.  If the laws pass, and the flood gates open up, investors come in, investment comes through the Capital Account of the CBI, the dinar will rise...the counter to inflationary pressure is to raise the rate of the dinar...the more pressure, the more the cbi will raise it. When and how fast is relative to that event.

 [if Iraq goes asset backed they'd literally be the wealthiest country in the world imo...with very little debt overnight...which imo would take it over 10 cents..basel 3 assets.] 

it could...we can hope so...some believe selling these bonds is the beginning of that pressure. A kick start of sorts reducing the money supply creating demand for the dinar. 

I am not so sure. But if so, then they expect the laws to pass in short order and investors to come thereafter contributing to the pressure.  One thing is for sure, it appears we will see if the transition to a market economy is going to take off or not over the next few months...And that is something to look forward to watching. 

[...the next few weeks "should be" a barn burner.]  Well I am not as optimistic to say "weeks" but nothing wrong with that.


I do not believe there is any relation between the 1095 rate and the official CBI rate of 1166.  All these bonds are doing at 1095 is building in the return (interest).  Just like a US savings bond does (you pay $10, and in 20 years its worth $25).  As for the Tariffs, often a supplier and retailer will absorb the tariff (slight reduction in profit) so the consumer may not be impacted at all.    We will have to wait and see if the additional cost changes trickle down or now.  Implementation of these certainly does not mandate a RV...

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