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Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
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Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
Enorrste
Article: "Raise the price of the Iraqi dinar to the fore again" Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..."
"The government is expected to return to the project itself after the end of military operations."
This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to "RV" in the traditional sense and explains why.
Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world.
But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable.
Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work.
Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient.
Only time will tell.
2-22-2017
~~~~~~~~~~~~~~
Article: "Raise the price of the Iraqi dinar to the fore again"
Quotes: "Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq..." "...Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars..." "The government is expected to return to the project itself after the end of military operations."
This is one of the most positive articles I have read in a long time
The author clearly states that it is not possible to "RV" in the traditional sense and explains why.
Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world.
But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable.
Furthermore, he implies that this has been in the government's plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming...the correct view of the situation while at the same time specifically denying that an RV would work.
Finally, as KAP noted, we see that, at least from this writer's point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone's guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient.
Only time will tell.
Last edited by Ponee on Sat Feb 25, 2017 11:55 am; edited 1 time in total
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
Scumbag scammer
Oldtimer61- VIP Member
- Posts : 454
Join date : 2017-01-18
Re: Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
Kap has been talking about a float ever since the BH Group got busted for dinar fraud, partly for claiming that the currency reform plan is a revaluation instead of a redenomination. There is absolutely NO WAY that Iraq's currency is going to become a free floating currency any time in the next decade. Their GDP is 90% oil, and the price of oil fluctuates too much for them to have a free float. All of the articles in Iraq talking about a float are talking about managed floats, meaning a pegged official rate or a managed market rate within Iraq through manipulating the money supply.
Ennorste is excited about an article that is simply talking about a lop. He never has gotten it through his thick head that you can't RV a currency by 100,000%. Currently the dinar is about 1182:1, or $.00086. You remove three zeros (lop) from the nominal value of $.00086 and it becomes $.86, or about 1.18 which is "around 1.20:1", not $1.20 per dinar. Seriously, if you can't grasp this you had best just keep your mouth shut because all you're doing is confusing people with your stupidity.
Ennorste is excited about an article that is simply talking about a lop. He never has gotten it through his thick head that you can't RV a currency by 100,000%. Currently the dinar is about 1182:1, or $.00086. You remove three zeros (lop) from the nominal value of $.00086 and it becomes $.86, or about 1.18 which is "around 1.20:1", not $1.20 per dinar. Seriously, if you can't grasp this you had best just keep your mouth shut because all you're doing is confusing people with your stupidity.
*****************
Busting Gurus Since 2011
Re: Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
Gotta love the negativity- Go, Pekaroni-Tell us all more bullshit-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
Same scumbag scammers time and time again
Oldtimer61- VIP Member
- Posts : 454
Join date : 2017-01-18
Re: Enorrste says MR in which to raise IQD exchange rate against $$ so new IQD equals 1.2 dinars.
I think these a$$holes enjoy seeing how many of us get pi$$ed off at them. It must be tough living in mommy's basement when the only entertainment they get is when we argue with them or when they play Ninentendo.
FloridaJohnny- VIP Member
- Posts : 232
Join date : 2017-02-22
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