Kaperoni: "there are more than 10 articles talking about floating the Iraq dinar"

by **RamblerNash** Mon Jun 18, 2018 9:54 pm

Michael Kaperoni‏

@kaperoni

1h1 hour ago

Over the last couple of years there are more than 10 articles talking about floating the Iraq dinar. There is only one article that talks about the timing is not right to float the Iraqi dinar. My money is on the directives from the IMF, Iraq will float it is the only option.

Michael Kaperoni‏

@kaperoni

1h1 hour ago

By definition moving to a more liberal exchange rate regime is moving to a float.

Michael Kaperoni‏

@kaperoni

1h1 hour ago

Monetary policy is not a random act. Changing exchange rate regimes going from a peg to a float Etc all have individual purposes they are used to stabilize economies or combat inflation

Michael Kaperoni‏

@kaperoni

1h1 hour ago

Iraq is expecting a large influx of capital some say it's going to be the wild west of the Middle East this will put severe pressure on the financial system of the CBI.The recourse is get off the peg move to a float to combat the pressure allowing the currency to rise and value.

Michael Kaperoni‏

@kaperoni

29m29 minutes ago

I saw today that someone posted that they expected Iraq to get into the WTO soon it's not happening but a year-and-a-half ago the WTO told Iraq until they reduce the dependence on oil there's no chance I believe the number they said was 70%.

Michael Kaperoni‏

@kaperoni

29m29 minutes ago

Iraq has a long ways to go before they're ready for the WTO.

Michael Kaperoni‏

@kaperoni

28m28 minutes ago

The reference of the WTO in itself does encourage currency reform which is a good thing.

Michael Kaperoni‏

@kaperoni

24m24 minutes ago

In other words before Iraq gets in the WTO they're going to need a private sector and begin to produce exports that will reduce the dependence on oil then they'll be ready for the WTO