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Kaperoni: "We don't want a redenomination/LOP" 8/25/19
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Kaperoni: "We don't want a redenomination/LOP" 8/25/19
by RamblerNash Sun Aug 25, 2019 10:17 pm
Kaperoni
We do not want them to delete the zeros, because that's a LOP. What we do want is for the rate to increase. And the only reasonable means to accomplish that is via a float allowing the dinar to rise as investment comes into Iraq. Anything else does not benefit us....You cannot significantly RV the dinar with excess of 42 trillion in circulation unless you can significantly reduce the money supply first. Hard to do unless gradual. ...We don't want a redenomination/LOP. Those are neutral events. It's current rate is its real value. Unless they float the currency and let market forces set the rate.
8/25/19
We do not want them to delete the zeros, because that's a LOP. What we do want is for the rate to increase. And the only reasonable means to accomplish that is via a float allowing the dinar to rise as investment comes into Iraq. Anything else does not benefit us....You cannot significantly RV the dinar with excess of 42 trillion in circulation unless you can significantly reduce the money supply first. Hard to do unless gradual. ...We don't want a redenomination/LOP. Those are neutral events. It's current rate is its real value. Unless they float the currency and let market forces set the rate.
8/25/19
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