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Kaperoni - RV/RI is Nonsense!   1/19/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kaperoni - RV/RI is Nonsense! 1/19/19

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Post by Ssmith on Sun Jan 20, 2019 10:16 am

I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The…RV or RI stories are nonsense. There is no overnight event.
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Post by Scotchie on Sun Jan 20, 2019 11:51 am

I agree.  And the "float" will go very slowly for many years.  Perhaps 5 years from now the dinar will have doubled in value.  The smartest move is to sell back your dinar today.

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Post by Sam I Am on Sun Jan 20, 2019 1:15 pm

The best way for Iraq to generate revenue is to develop their exports and diversify their economy.  A more valuable currency would make that harder to achieve.  They need to slowly lower the dinar's value as they develop other sectors of their economy and move away from an economy based 90% on oil revenues.

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