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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  Empty Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

Post by Ponee on Thu Mar 14, 2019 10:49 pm

  Newshound Guru Kaperoni  


  ...an article that said they would not float the dinar...could be interpreted in two ways. 

1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or   


 2. they are not going to float at this time (which may be what they really meant at the time of the article). 

 And may be true...but that was months ago before the dinar was stable and in compliance...


3-14-2019 

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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  Empty Re: Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

Post by RamblerNash on Thu Mar 14, 2019 11:00 pm

And Kaperoni is supposed to be an expert at all this and he has to guess? LMAO!

Did it ever occur to Kaperoni that the CBI can make adjustments to the pegged rate, just like they have been doing for the last 10 years, to counter inflation?
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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  Empty Re: Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

Post by Sam I Am on Thu Mar 14, 2019 11:11 pm

There's a third interpretation that Kap didn't mention.  Maybe they're just saying that they won't free float the currency but will continue to maintain the peg via a managed float, and if they need to go to a crawling peg again (like they did from Nov. 2006 - Jan. 2009) to combat inflation they always have that option.  This is how it works in the real world.

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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  Empty Re: Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

Post by RamblerNash on Thu Mar 14, 2019 11:33 pm

The other thing Kap doesn't mention is who are the foreign investors that are going to massively invest in Iraq to make the rate jump from $0.00086 to $1.00 within 6 months to a year. How does that work out in the real world.
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Guru Kaperoni  says   ...an article that said they would not float the dinar...could be interpreted in two ways.  Empty Re: Guru Kaperoni says ...an article that said they would not float the dinar...could be interpreted in two ways.

Post by Sam I Am on Thu Mar 14, 2019 11:57 pm

LOL!!!  It doesn't of course.  Who would want to try to conduct business with a country where the currency is going up in value every day?

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