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Kaperoni: "The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..." (It's 2021 Kappy! The IMF Consultations Have Changed Since Then LOL) 11/8/21 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kaperoni: "The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..." (It's 2021 Kappy! The IMF Consultations Have Changed Since Then LOL) 11/8/21

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Kaperoni: "The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..." (It's 2021 Kappy! The IMF Consultations Have Changed Since Then LOL) 11/8/21 Empty Kaperoni: "The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..." (It's 2021 Kappy! The IMF Consultations Have Changed Since Then LOL) 11/8/21

Post by RamblerNash Mon Nov 08, 2021 11:15 pm

Kaperoni  

...The IMF clearly stated in the Article IV Consultation from 2013 with Iraq that..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy...Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate,..."


Floating the dinar would give the CBI a mechanism to allow the currency to gradually appreciate to counter inflationary pressure created by investment and growth in the economy. It also would give them a mechanism to remove the dinar gradually from circulation as the dinar appreciates in value.  This IMO is the only way I can see them significantly reducing the money supply. The alternative is a re-denomination (LOP).

Though none of us want to see them re-denominate/LOP, it must be known there are various colleges in Iraq hosting seminar / symposiums on the subject.  So as dinar investors we should all be aware a re-denomination / LOP is a real possibility.  What that means is the IMF is encouraging Iraq to float the dinar. Not RV the dinar.
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