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Kaparoni & The Float! 11/12/18

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Kaparoni & The Float! 11/12/18

Post  Ssmith on Tue Nov 13, 2018 9:44 am

The IQD is not on a managed float but a peg to the dollar…As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations… [If Iraq floated their currency they would go bankrupt.]



The CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? 



Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.



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Re: Kaparoni & The Float! 11/12/18

Post  Zig on Tue Nov 13, 2018 1:28 pm

Float with Kap and me...It is very soothing.... happydance
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Re: Kaparoni & The Float! 11/12/18

Post  Sam I Am on Tue Nov 13, 2018 4:51 pm

This is from Wikipedia:

"In an increasingly integrated world economy, the currency rates impact any given country's economy through the trade balance. In this aspect, almost all currencies are managed since central banks or governments intervene to influence the value of their currencies."

https://en.wikipedia.org/wiki/Managed_float_regime

A managed (or dirty) float is the means by which a currency's rate is justified via the intervention of the central bank.  Regardless of how the IQD is categorized, the fact is it is on a managed float because the CBI intervenes to manipulate the money supply and the balance of dollars and dinars.  They MANAGE them to stabilize the dinar at the nominal rate, which is currently 1190:1.

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Re: Kaparoni & The Float! 11/12/18

Post  Ssmith on Tue Nov 13, 2018 7:21 pm

@Zig wrote: Float with Kap and me...It is very soothing.... happydance

Is there room for Gary McGuire?


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Re: Kaparoni & The Float! 11/12/18

Post  RamblerNash on Wed Nov 14, 2018 12:25 am

Zig,



If Gary is going to get in and float with you, get out NOW!


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Re: Kaparoni & The Float! 11/12/18

Post  Zig on Wed Nov 14, 2018 9:03 am

You "Guru Hunters" are just mean and relentless...Because of that we are moving you to TIER 5 and you will definitely be last in line to receive the 800 Numbers!!....
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Re: Kaparoni & The Float! 11/12/18

Post  Ethel Biscuit on Wed Nov 14, 2018 9:30 am

@Sam I Am wrote:Regardless of how the IQD is categorized, the fact is it is on a managed float because the CBI intervenes to manipulate the money supply and the balance of dollars and dinars.  They MANAGE them to stabilize the dinar at the nominal rate, which is currently 1190:1.

Just as there is no such thing as a true "free market", beloved though it would be by capitalists. Governments intervene with subsidies, tariffs.

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Re: Kaparoni & The Float! 11/12/18

Post  RamblerNash on Wed Nov 14, 2018 12:20 pm

@Zig wrote:You "Guru Hunters" are just mean and relentless...Because of that we are moving you to TIER 5 and you will definitely be last in line to receive the 800 Numbers!!....


Is that TIER 5 "A" or TIER 5 "B"? LMAO
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Re: Kaparoni & The Float! 11/12/18

Post  Allenj on Wed Nov 14, 2018 4:02 pm

[quote="Zig"]You "Guru Hunters" are just mean and relentless...Because of that we are moving you to TIER 5 and you will definitely be last in line to receive the 800 Numbers!!....[url=http://www.sherv.net/][img]http://www.sherv.net/cm/emo/angry/whipping.gif[/img][/url][/quote]


zap you better understsnd their is no 1800 number and these group will rip you off i have been keeping up with this crap over 15 years and they (CBI) has done nothing and kep has done nothing and has been lying for the last 10 years the 1800 number was the groups that came up with the 800 number let me give you a little facts all banks have what is knowns as CEB's now to enlighting you what a ceb is a currency exchange broker they are the ones that take care of the currency department these are the guys you will deal with when exchange any currency they all have 1800 numbers they are empolyee by the banks when you go to a bank this is who you will be talking with they are in the branch or they (bank) will sent you to one the way it look right now the Dinar will never be over 1/1 never i use to think like you do until i started doing my home work

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Re: Kaparoni & The Float! 11/12/18

Post  Sam I Am on Wed Nov 14, 2018 4:07 pm

@Ethel Biscuit wrote:
@Sam I Am wrote:Regardless of how the IQD is categorized, the fact is it is on a managed float because the CBI intervenes to manipulate the money supply and the balance of dollars and dinars.  They MANAGE them to stabilize the dinar at the nominal rate, which is currently 1190:1.

Just as there is no such thing as a true "free market", beloved though it would be by capitalists. Governments intervene with subsidies, tariffs.

You're right, Ethel. Even "free floating" currencies are manipulated to a certain extent. There is no truly free floating currency just as there is no true pegged currency. These are just classifications to describe how their exchange rates are determined. It's like black people and white people. We're negro and caucasian but we're not black and white. That's just the classification that's used to simplify the complicated issue of racial identification.

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