Kaperoni: "Maybe some of you will study monetary policy now" 3/13/20

Kaperoni

Can I tool [toot ?] my own horn? Ok here you go...Article: "Former minister: Iraqi dinar on the way to "float" Quote: "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive." Maybe some of you will study monetary policy now... I do agree that under the current conditions it will probably devalue the dinar. That is why I have stated numerous times that is important that they create the conditions to launch a market economy first. If Iraq wants to succeed at raising the value they need to create a market economy, have a gov in place, cabinet and pass laws that investors will come and participate.

3/13/20