Latest topics
Kaperoni - we could be waiting a few months after CBI decides to begin currency reform.
4 posters
Page 1 of 1
Kaperoni - we could be waiting a few months after CBI decides to begin currency reform.
Kaperoni
Article: "Abadi Votal discuss the battle of Mosul and international support for Iraq"
I don't expect the CBI to "flip" a switch the day after liberalization of Mosul.
It will take some time to stabilize the area and begin the clean up, return citizens to their homes etc. So we could be waiting a few months after before the CBI decides to begin currency reform.
Especially with the spread still not close to 2%.
Article: "Iraq joined the Convention on the transparency of the arbitration between investors and states"
Quote: "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states."
Dispute resolution is critical. A good sign.
Article: "IMF confirms the stability of Iraq's reserves of hard currency" Quote: "the IMF said in his study, that Iraq reserves will arrive in 2018 to $ 62 billion , and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promotion of tourism, industry and all economic resources bode well"
I think the important thing here is that something pretty substantial must occur this year for this forecast to be true. As we all should know by now, Iraqi oil is not enough at the current prices to increase reserves because they spend more than they make. So I expect them to transition to a market economy this year in order to improve the reserves by $50 billion over the next two years or so.
Newshound Guru Kaperoni Keep in mind, there are several things that could effect the reserves. Oil prices could skyrocket to $100 +, they could officially get out of UN Chapter 7 and get some funds that are being held released, etc. But it seems like the IMF has a plan with the CBI. We all have seen the efforts the last 12 months or so to improve the banking system. So despite these possibilities, I believe the reason is more in line with improving Iraq's economy, putting people to work, rebuilding post ISIL and opening the banking system to the world for investment...at least we can hope anyway.
2-24-2017
~~~~~~~~~~~~~~~~~~~~~~~
Article: "Funding Facility for Economic Reform established to invigorate IraqÂ?s reform initiatives" Quote: "...UNDP will support the Government of Iraq to address key economic challenges and invigorate the reform agenda. Diversifying the economy, increasing national income, and improving the management of national assets will be of specific focus."
Very good article. It appears the UN is helping Iraq push these needed reforms forward.
...measures need to be in place for the success of the transition from a fixed rate to a float.
Just exactly to what extent is yet to be seen.
That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar.
Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-22-2017
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Kaperoni - we could be waiting a few months after CBI decides to begin currency reform.
Guru Kaperoni: Quote…“The position of the Ministry of Planning in conformity with the official views of some experts, when he called on the ministry's spokesman to wait to declare Iraq's accession to full membership at the moment, on the grounds that Iraq needs a lot of changes on the economic situation before they have the full membership.” This is a great quote…It simply says…we will not get WTO accession until we do what is needed prior. Pass economic laws, RV, tariffs…Then comes WTO (mid to late 2012?). And the result is a successful free market economy that does business with the world. 3 very good reasons (Tariffs, Arab Summit and WTO Accession) to be very optimistic that the RV is coming soon.
https://www.dinardaily.net/t61489-2-25-2012-five-years-ago-in-dinarland#303865
https://www.dinardaily.net/t61489-2-25-2012-five-years-ago-in-dinarland#303865
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: Kaperoni - we could be waiting a few months after CBI decides to begin currency reform.
As long as the sheep continue to believe these scumbag scammers bullshit they'll keep spewing it.
Oldtimer61- VIP Member
- Posts : 454
Join date : 2017-01-18
Re: Kaperoni - we could be waiting a few months after CBI decides to begin currency reform.
Kraperoni has been saying this shit for years- He has NO clue of what is going on, or what he's doing- Pay no attention to this blatant idiot-I guess they ALL need their 15 minutes of shame-He always has to DRAG shit out- It's a continual thing with these bastards-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Mar 10, 2024 5:58 am by RamblerNash
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash
» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Wed Jan 17, 2024 5:05 pm by RamblerNash
» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Mon Jan 15, 2024 6:15 pm by RamblerNash