Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

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

Enter your email address:

Kaperoni: "they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply" (Really? LOL) 7/20/21 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni: "they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply" (Really? LOL) 7/20/21

Go down

Kaperoni: "they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply" (Really? LOL) 7/20/21 Empty Kaperoni: "they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply" (Really? LOL) 7/20/21

Post by RamblerNash Tue Jul 20, 2021 9:46 pm

Kaperoni  

[via Zig]  There will never be an RV of the Iraqi dinar it's just not how monetary policy works and as I've already mentioned there's too much currency in circulation. In the talk of reducing the money supply, it can't be done because they currently use the auctions to maintain the exchange rate which is a balance between dinar and dollar.  The only way they can reduce the money supply is to float the currency and allow it to gradually rise over time, and at the same time they could reduce the currency...

...but again, they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply. I don't expect anything to happen this year because Iraq doesn't pass the laws and create any condition for investors to come in. If you read any of the articles or news coming out of Iraq you will see it is nothing but complaints about how difficult it is to do business with Iraq...
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 21191
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top


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