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 Kaperoni says the other GURUS are WRONG...currency reform isn't beginning soon

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Join date : 2011-08-09

PostSubject: Kaperoni says the other GURUS are WRONG...currency reform isn't beginning soon   Thu Oct 19, 2017 8:02 am


Article:  "Governor of the Central Bank heads to America to attend meetings of the International Monetary Fund and the World Bank"  This visit with Allaq is nothing more than a "duckies and bunnies" show. 

  Those listening to him at the event might believe what he is saying, but those of us who follow and read all the news, reports, etc know the CBI has a lot of work to do if they want international banking (CBI law, deposit insurance, IMF Article VIII compliance, etc.) 

 Technically, Allaq is correct that he has no restrictions...but that is under Article XIV... 

Quote:  "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one exchange restriction and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3."  

 They need to payoff Jordan and get the spread within 2%.  The problem is the spread is going in the wrong direction.

  Today, it is about 9%.  The gurus are jumping all over this as if to say Iraq is in compliance and currency reform could begin anytime.  Wrong!  

They may not disclose the time they begin currency reform, but if they want international banking (freedom of movement of capital)  to perpetuate the influx of investment capital they have lots of work to do.  

And we can chart that progress. 


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Sam I Am

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PostSubject: Re: Kaperoni says the other GURUS are WRONG...currency reform isn't beginning soon   Thu Oct 19, 2017 9:55 am

This is one time where I will agree with Kap.  I don't think they're going to carry out the redenomination (that's what the currency reform plan is) for a long time, if ever.  They don't want those IQD back in their country, because they don't want to give up those USD that were exchanged for the IQD.  I think they'll wait a few more years until everybody has given up and forgotten about the dinar before they finally change over to the replacement currency.  That way there won't be such a backlash over how they conned billions of dollars out of gullible currency speculators around the world.

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PostSubject: Re: Kaperoni says the other GURUS are WRONG...currency reform isn't beginning soon   Thu Oct 19, 2017 10:01 pm

sorry but i fine it hard to believe anything he has to say he has lied so much
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Kaperoni says the other GURUS are WRONG...currency reform isn't beginning soon
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