Kaperoni: "It must drive the gurus nuts that i continually prove them wrong"

by **RamblerNash** Mon Oct 08, 2018 1:48 am

Michael Kaperoni‏
@kaperoni

The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq.

The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value.

The good news is as I have said before is that I expect that process to start very soon.

Iraq needs private investment and a private sector to support the signifcant rebuilding and reduction of unemployment needed. That starts with opening the banking system.

I love the gurus when they put out a comment on my posts.."there will not be a float." Lol. Yes, this goes against there dream and nonsense to sell more dinar.

One guru went as far as to say this will not take two to three years to raise the value equal to the dollar. Lol. Yet the CBI makes it very clear there is no overnight event by continuing to circulate replacement notes.

It must drive the gurus nuts that i continually prove them wrong.

10/7/18