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Kaperoni says article implies banking sector reform is just around the corner
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Kaperoni says article implies banking sector reform is just around the corner
Kaperoni
...currencies cannot be randomly valued. They are valued by supply and demand.
Iraq's dinar will rise in value, but based on sound fundamental economic policies controlled by the CBI.
We just have to wait that out as they progress with the transition to a market economy.
Article quote: "in addition to the reform of the banking sector to support growth led by the private sector before starting the process of reconstruction in post - Daesh."
This seems to the banking sector reform is just around the corner....
3-22-2017
~~~~~~~~
[...wondering if Trump can push for currency reform.]
Currency reform is a consequence of economic and banking reform. ...the IMF has made it very clear the dinar will be floated and will rise as a result of the growth of the economy. There is no confusion, it is stated clearly...the Balassa-Samuelson effect.
”Balassa–Samuelson implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates.”
In other words Iraq's dinar is directly related to the growth of the private sector/market economy.
03.21.2017
~~~~~~~~~~~~~~~~~~
Article: "Iraqi economy to a new stage of work" Quote: "Liquidity shortage suffered by the banking sector is in dire need of real moves to activate the capital cycle through the creation of a new deposit policy based on mutual trust between the customer and private banks."
This also tells us the urgency to activate the banking system.
Article: "International Monetary Fund agrees to release contractors' receivables" There has also been a few articles that clearly state that Iraq will begin to pay back loans starting next year, not to mention the recent article that said there will be no further loans for budget shortfalls.
You add it all up, funds for contractors, no future loans, etc...they expect big changes yet this year from Iraq.
Article: "International Monetary Fund agrees to release contractors' receivables" Quote: "The appearance of Mohammed Saleh that the second review of the credit agreement showed a clear understanding and success...
This success is the understanding and agreement on the release of receivables of all contractors amounting to more than 4 trillion dinars once the Federal Audit Bureau announced the completion of audit contracts contractors, and we know the SAI is about to complete this process."
So the IMF is going to pay almost $4 billion dollars to unpaid contractors in Iraq. This is huge.
3-20-2017
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Kaperoni says article implies banking sector reform is just around the corner
So is the state prison- Ever think about that, kraperoni? It's high time you shut your pie hole, too, and if everyone wanted to hear from an asshole, we'd all fart-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
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