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wmawhite says we will see it soon
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wmawhite says we will see it soon
wmawhite
the price of oil has very little to do with Iraq entering the economy market during the 1st half of 2016.
[but it might effect the price of their currency.]
No...it will not.
The price of oil has dropped over 60% and the change in the value of the Kuwaiti Dinar changed $0.20...20 cents. The KWD went from $3.55 to $3.35 per dinar. [right but Iraq has no price at this point, Kwd is already established.]
Of course they know what the true value of the IQD is...how else could the IMF tell the world that Iraq is expected to enter the economy market in 2016.
IMO...central banks do not go changing their values every time their GDPs change...their goal is to provide stability in their currency...
IMO, they know where they want to be and IMO we will see it soon.
[Has the old guard lost leverage throughout the MOF CBI etc and does Abadi have the the US and IMF total support?] ...the IMF is steering this ship (the CBI) more than the Governor of the CBI). Once the IMF is ready to step aside then you will see the changes at the CBI...IMO. The Technical Letter of Agreement are no different than a contract...there is no wiggle room...it states that the government "will" do.
Prior to publishing the Letter of Agreement the IMF stated that they expect Iraq to enter the economy market..
well, they are not part of those markets because they have nothing to join with...so, we are going to see soon what we are looking for.
The IMF, Goi and CBI all have signed a Letter of Intent in which it is stated paragraph #19 that the government "will" move away from the MCPs which are in place because of the auctions.
Remove MCPs, i.e. no auctions, means IQD must have international acceptance. ...the IMF stated in November that their expectation was for Iraq to enter the economy market the 1st half of 2016...
never before in 6 years do I remember the IMF making such a statement.
All of this activity is IMO in support of Iraq's move into the international currency/commercial markets. In order for Iraq to survive it's financial institutions must be able to operate both domestically and internationally...thus all of what we are seeing.
If their intention was to do nothing and continue to live off of the USD...then why bother with all of these changes... why sign agreements with the IMF...why bother telling the world that they are ready for their investments? Why?
Because they are working towards a definitive date to make huge changes in their monetary system.
Last edited by Ponee on Fri Feb 19, 2016 5:18 pm; edited 1 time in total
Ponee- Admin
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Re: wmawhite says we will see it soon
Or not. There is absolutely no compelling reason to make any sort of significant change to the value of the value of the dinar at this time. It makes no sense at all from either a financial, or a trade standpoint. There is certainly no need to increase it's value to compete on a world wide market, and a whole lot of reasons for them not to.
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Trust but Verify --- R Reagan
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Kevind53- Super Moderator
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Ponee- Admin
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Re: wmawhite says we will see it soon
They still have nothing.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
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Re: wmawhite says we will see it soon
"Because they are working towards a definitive date to make huge changes in their monetary system."
That is a long way from seeing it soon. Not only that but also the above post spews a mis match of information left and right that appears to amount to exactly ZERO, NADA, ZILCH as far as positioning for the RV. Speculative rhetoric at the best.
See it soon? WE doubt it. The proof can only be the RV.
NO more speculative analysis is desired with this dinar RV thing. WE have seen it for over 10 years - time to come clean and tell the truth. Stop the pumping and produce the RV.
That is a long way from seeing it soon. Not only that but also the above post spews a mis match of information left and right that appears to amount to exactly ZERO, NADA, ZILCH as far as positioning for the RV. Speculative rhetoric at the best.
See it soon? WE doubt it. The proof can only be the RV.
NO more speculative analysis is desired with this dinar RV thing. WE have seen it for over 10 years - time to come clean and tell the truth. Stop the pumping and produce the RV.
aksafeone- Super Moderator
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