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Adam Montana: "The CBI already controls the currency market. There is no need for further action"

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Adam Montana: "The CBI already controls the currency market. There is no need for further action"

Post by RamblerNash on Fri Feb 01, 2019 10:02 pm

Adam Montana  

Question: Is Iraq going to "lop"?  Iraq has already made strong progress in rebuilding and obtaining international credit. They do not have an emergency situation, like Zimbabwe or Venezuela. In fact, Iraqs international credit is rated across the board as “B grade” and “Stable”.  Iraq has already made tons of progress here. A lop is not going to enhance that. The CBI already controls the currency market. There is no need for further action.  Iraqs most recent inflation was measured at about 2% - almost identical to the United States. We are not talking about Zimbabwe here!  Multiple currencies are used in Iraq, but there are no threats of replacing the Iraqi Dinar...Since 1960, only 71 cases of lopping have occurred...None of those countries are Iraq, have Iraq's resources, have Iraq's potential...Pretty solid evidence that a lop is a pretty low probability event for us here, don't you think?


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