Kaperoni: "the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime" (Kaperoni vs. The CBI? Does Kaperoni Have A Degree Other Than BS? LOL) 6/8/21
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Kaperoni: "the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime" (Kaperoni vs. The CBI? Does Kaperoni Have A Degree Other Than BS? LOL) 6/8/21
Kaperoni
Article: "The Central Bank feeds electronic payment cards at the official rate of the dollar" Quote: "The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank." ...the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it's a catch 22... violate rules to curb corruption or continue with the corruption and meeting IMF conditions.
Article: "The Central Bank feeds electronic payment cards at the official rate of the dollar" Quote: "The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank." ...the CBI using Visa and Mastercard to issue dollars is a violation of the IMF's liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it's a catch 22... violate rules to curb corruption or continue with the corruption and meeting IMF conditions.
RamblerNash- GURU HUNTER
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» Kaperoni: "...exchange rate regime from fixed to float will begin to allow the dinar to rise gradually"
» Kaperoni: "If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event"
» Kaperoni: "This is the result of a 22% reduction of the dinar exchange rate which made the dollars cost 20% more in Iraq" 12/30/20
» Kaperoni: "There is no way in my opinion to physically reduce the note count and money supply in Iraq until they get off the peg, move to a more liberal exchange rate regime/float and allow the currency begin to rise gradually" 3/7/20
» Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"
» Kaperoni: "If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event"
» Kaperoni: "This is the result of a 22% reduction of the dinar exchange rate which made the dollars cost 20% more in Iraq" 12/30/20
» Kaperoni: "There is no way in my opinion to physically reduce the note count and money supply in Iraq until they get off the peg, move to a more liberal exchange rate regime/float and allow the currency begin to rise gradually" 3/7/20
» Kaperoni says, " The value of the dinar is in a pegged "exchange regime" to the dollar"
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