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Kaperoni is hopeful we may still see an RV this year
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Allenj
RamblerNash
Ponee
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Kaperoni is hopeful we may still see an RV this year
Kaperoni
Artile: "Experts: float the currency needs to be a productive economy and not Rieia (rentier)"
Quote: "...to float the currency now in Iraq can not talk about that simple, as needed to advance measures...it could be done if the transformation of the Iraqi economy from a yield to productive..."
This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar...and only once the market economy begins can they do so.
So we continue to wait for Iraq to set the stage for investment. Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII. Only then will we see the dinar float and rise based on market forces.
I am hopeful that yet this year we can see that happen.
5-22-2017
~~~~~~~~~~~~~~
Article: "The stability of central bank sales at $ 159 million" Quote: "The size of the amount sold today reached 159 million and 547 thousand, and $ 157, priced at 1182 dinars exchange rate against the dollar, with the participation of 37 banks and 11 financial transfer company." The statement said, "The amounts transferred to the accounts of banks, as well as cash sales were priced at 1190 dinars per dollar sale abroad."
[I'm a little bit confused, these figures 1182 & 1190 exchange rate, is this normal? We're looking for 1204 right!]
Yea, the CBI has two prices for the dinar..cash and via remittance. I think that is pretty standard.
What we care about the market rate or street rate of the dinar which is around 1251. They need to reduce that to around 1200 to be in compliance with the IMF.
5-18-2017
Last edited by Ponee on Tue May 23, 2017 7:34 am; edited 1 time in total
Ponee- Admin
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Re: Kaperoni is hopeful we may still see an RV this year
Or increase the rate on the CBI to 1,225!
Kaperoni doesn't want to talk about that though. Neither do the other Gurus.
How many times have they devalued the Dinar in the last 2 years? 3 times?
What are the current reserves held by the CBI? Have Kaperoni do the math on that one!
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RamblerNash- GURU HUNTER
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Re: Kaperoni is hopeful we may still see an RV this year
all the guru's want to talk about is what they want kep always proven to be a lair he got me banded from dinar Detective i went head to head with him and made him look like a ass
Allenj- VIP Member
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Re: Kaperoni is hopeful we may still see an RV this year
i do not forsee any RV this year and i ready dont see it at all
Allenj- VIP Member
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Kaperoni
It is debatable to see what the dinar would do if the CBI let it float. I think there is more of a chance that the dinar value will go down, rather than up.
Scotchie- VIP Member
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Re: Kaperoni is hopeful we may still see an RV this year
I agree, Scotchie. The pressure on the dinar's value is downward at this time. But even if it was upward, the CBI isn't going to float the IQD on the foreign exchange because the value would fluctuate wildly and make it virtually impossible to conduct business with foreigners, because 90% of their GDP is based on oil, and the price of oil fluctuates as we all know too well. Kaperoni and others who think the dinar is going to float freely on the forex are delusional.
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Re: Kaperoni is hopeful we may still see an RV this year
if they do sam IMO if they do it will be a managed float and you are right they all are delusional this why i do believe in a reinstatement of the Dinar instead of a RV none of the Idiots (gurus) even understand what a RV is
Allenj- VIP Member
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Re: Kaperoni is hopeful we may still see an RV this year
The dinar was only devalued one time in the last few years. From 1166 to 1180 as agreed with the IMF as stated for 'monitoring purposes' in regard to the agreed IMF staff monitoring program signed with Iraq in December 2015. Flotation is what will happen. Whether a free float or some type of initial managed float during the transition is yet to be seen. A reminder, the goal he is to diversify Iraq's economy away from oil dependence. That is why the WB and IMF have signed these agreements. It's time you all stop making up answers and actually get a clue to what is happening in Iraq.
Muskie- VIP Member
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Re: Kaperoni is hopeful we may still see an RV this year
:tup:Sam I Am wrote:I agree, Scotchie. The pressure on the dinar's value is downward at this time. But even if it was upward, the CBI isn't going to float the IQD on the foreign exchange because the value would fluctuate wildly and make it virtually impossible to conduct business with foreigners, because 90% of their GDP is based on oil, and the price of oil fluctuates as we all know too well. Kaperoni and others who think the dinar is going to float freely on the forex are delusional.
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
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Re: Kaperoni is hopeful we may still see an RV this year
It is delusional to listen to these scammers, they have meaning all gurus has call the RV EVERY WEEK FOR YEARS!!! Don't you think there is something wrong with this picture?
Why would anyone believe them now ,how many times do they cry wolf before you figure this out, it's a feeding frenzy on your greed, emotions, desperation, get a job ,or keep the one you have, give God the Glory, that hopefully you didn't spend all your money on this scam.
Why would anyone believe them now ,how many times do they cry wolf before you figure this out, it's a feeding frenzy on your greed, emotions, desperation, get a job ,or keep the one you have, give God the Glory, that hopefully you didn't spend all your money on this scam.
Chaz- VIP Member
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Join date : 2015-12-27
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