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Kaperoni - Iraq is Lazy!  3/15/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kaperoni - Iraq is Lazy! 3/15/19

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Post by Ssmith on Sat Mar 16, 2019 2:28 pm

Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure, if they decide to do it. But they have shown they are lazy and don’t want to accomplish much. Time will tell…and pressure is on them to open the economy.

Substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. Look at the bigger picture…Iraq needs investors/investment …billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value.
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Post by Zig on Sat Mar 16, 2019 3:25 pm

Kap, my skin is all wrinkled from waiting for your *&^%$# float!!.....LOL.....

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Post by Sam I Am on Sat Mar 16, 2019 5:37 pm

U gon' be waitin' long time mon

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Post by RamblerNash on Sun Mar 17, 2019 4:54 pm

@Zig wrote:Kap, my skin is all wrinkled from waiting for your *&^%$# float!!.....LOL.....

Kaperoni - Iraq is Lazy!  3/15/19 Animated-pool-image-0010
Pretty soon you're going to be old and wrinkled. LOL

If you have been following what Kap has been saying, he's waiting for the article 4 consultations, after the government is formed, to see if he can gloat some more. If he sees the mention of "Balassa-Samualson" in their report, he wont shut up about it for years to come.

Article 4 is nothing that special. It's just recommendations. Every country has those consultations, but countries don't have to follow them.

Kap is also looking for Iraq to accept article 8 to ease the transactions of foreign investment/investors. "Ease the transactions" doesn't mean that the transactions aren't already happening.

Then you have Kap's outrageous statement that it's going to go from 0.00086 to 1:1 within 6 months to a year via the float as investment comes into the country.

Does Kap ever mention who these foreign investors are, that wait in line to get into Iraq, to massively spike the rate of exchange?
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