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Kaperoni says activating the banking system means a change in monetary policy and currency reform.
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Kaperoni says activating the banking system means a change in monetary policy and currency reform.
Kaperoni
Article: "Economy and investment parliamentary host the five Iraqi banks managers" Quote: "The committee of economy and investment parliamentary five banks managers in Iraq today hosted to discuss the reality of the banking business..."
Good to see the banks and CBI in the news.
Like we have said many times, there is no market economy until their is a banking system in Iraq. And these last few days they seem to be more focused on activating it.
The good news is that activating the banking system means a change in monetary policy and currency reform.
So progress is happening ever so slowly...it's coming.
8-1-16
~~~~~~~
July 31 2016
Article: "The central bank reveals the date of launch electronic currency"
I don't want to get people overly excited but this is very good news.
The CBI has always stated that one of the reasons for deleting the zeros was to get rid of the zeros because it makes it difficult in calculations and errors can occur.
I cannot see the CBI going to electronic dinar without removing the zeros first.
Otherwise, it seems that they would only be creating a bigger issue than they already have. Keep fingers crossed.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Article: "What does it mean to float the currency?"
The IMF wants the CBI to be in Article VIII. Holding the peg, getting in compliance demonstrates they know what they are doing. You need to realize that the IMF wants to see proof before they will grant the keys to the global banking system.
The sooner the CBI does this by getting in compliance by reducing the spread, eliminating all conditions that remain, the sooner they can accept Article VIII and open the banking system.
This is what we want.
Article: "CBI agrees to open windows for the sale of US dollars in cash for travelers" [So is this a good thing or bad thing or neither?]
This is a great thing.
Remember the IMF line..."The authorities will gradually remove remaining exchange restrictions.." This is a requirement for Article VIII.
We need this to happen for the dinar to be internationally convertible and rise in value!
The sooner the better.
~~~~~~~~~~~
Article: "Reform plans awaiting allocations and mechanisms of action" Quote: "...the central bank has launched Strutijeth for the years 2016-2020 in conjunction with calls for comprehensive change of the Council of Ministers and the House of Representatives...activating the role of financial institutions and the banking sector" Super article IMO as it describes how the economy and banking sector are tied together.
This is exactly what we have been describing will occur over the next few months, years to come to create a market economy and raise the dinar value.
Good and exciting stuff!
Last edited by Ponee on Mon Aug 01, 2016 12:32 pm; edited 1 time in total
Ponee- Admin
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Re: Kaperoni says activating the banking system means a change in monetary policy and currency reform.
I hope you are feeling better Kaperoni.. :throb:
GypZ- VIP Member
- Posts : 1130
Join date : 2015-05-13
Re: Kaperoni says activating the banking system means a change in monetary policy and currency reform.
GypZ, Kaperoni is another shill that needs to be ignored- What he has ever spewed in the past, and now, never came to fruition, and he knows about as much as the other idiots- He just rewords things to make people think they are getting new intel, when in fact, it is basically in the same smoothed out wrapper-He can't even make a pizza worth a shit- Pay no attention to these idiots- They are making a paycheck lying to us, while we are not making a paycheck from their bullshit, and it will continue until they are all arrested, hung and shot, for being the morons that they are- :winky winky:
Terbo56- VIP Member
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Location : Central Florida-
Re: Kaperoni says activating the banking system means a change in monetary policy and currency reform.
So tell us Kap ... why would it make even an iota of difference?
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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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