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Kaperoni: "...and at the same time move off the peg and begin to float their currency"

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Kaperoni: "...and at the same time move off the peg and begin to float their currency"

Post by RamblerNash on Fri Jul 06, 2018 12:20 am


The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.


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