Kaperoni says a reduction of notes will come as a result of the process once they begin
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Kaperoni says a reduction of notes will come as a result of the process once they begin
Kaperoni As long as they continue with daily currency auctions it is unlikely their is a reduction of notes at this time (especially since they reprinting replacement notes). Remember, the auctions job is first and foremost to stabilize the exchange rate which is accomplished by creating a "balance" of dinar to dollar in the marketplace. Removing dinar from circulation would cause a demand on dinar and effect the exchange rate. IMO, a reduction of notes will come as a result of the process once they begin...which is months off at best since laws are not in place to support the economy/banking sector.
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» 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 is hopeful the CBI will begin this process very soon.
» Kaperoni hopes dinar will begin to float and investors begin to come into Iraq.
» Kaperoni says we watch and see if the spread comes comes down as a result.
» Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19
» Kaperoni is hopeful the CBI will begin this process very soon.
» Kaperoni hopes dinar will begin to float and investors begin to come into Iraq.
» Kaperoni says we watch and see if the spread comes comes down as a result.
» Kaperoni: "Therefore reduction of the money supply cannot occur at this time" 8/29/19
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