Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19

Go down

Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19 Empty Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19

Post by RamblerNash on Thu Aug 29, 2019 10:05 pm

Kaperoni   

 I do not believe Iraq would LOP or re-denominate the currency, the IMF certainly has not stated such and Iraq has demonstrated for several years a successful monetary policy including over the last year and a half where they've maintained a 2% spread or less. But I also don't believe they could ever substantially RV/RI the currency because there's just too much currency in circulation. People doubt the fact that the CBI and IMF have reported in excess of 42 trillion.  It's in print for all to see.

And as I've said before they cannot reduce the money supply...because Iraq currently utilizes a currency auction to stabilize the currency and provide a source of foreign exchange for imports. This technique requires a balance... between the dinar and the dollar any shortage of one or the other creates demand and effects the stability.Therefore reduction of the money supply cannot occur at this timeOnce they float the currency and begin international commerce Iraq no longer will need the auctions and can reduce the money supply gradually as the currency appreciates.


8/29/19
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17296
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum