Kaperoni answers the question - if dinar is international now how come banks in the US can't buy or sell it?

Kaperoni

monetary policies are not reinvented weekly or yearly or whenever you want. They are tried and tested and well thought out...the IMF has a clear plan for the dinar...well documented...same for any other emerging market.   ...the rate is the rate. when they transition its just that...one day we are pegged, the next we are floating. The rate is what it is at the time. Which today is 1166.   the dinar is international now and they are not floating it...it is pegged.  they want to free float, no limits. 

[if dinar is international now how come banks in the US can't buy or sell it?]

 simple they dont want to.  I assure you if a bank wanted to exchange dinar, they could...too risky.   [Did Shabibi say in Jackson hole Wyoming in 2010 that the rate would be 3.22?]  I am sure the Iraqis would love 3.22 but they never said that would happen overnight.  THe UST and the IMF and the fiance committee within the last week all told the CBI to free float the dinar...that is as clear as it gets...not an overnight event.  [free float from 1166 correct?]  ...where ever it is when they move is what it starts at.

 IMO the IMF under the new MoU (Memorandium of Understand) will manage the CBI monetary policy for a year. And IMO that will include helping them transition into the global marketplace...monetary policy is pretty straight forward and well documented...when the CBI wants to change, they simply will change the procedure...As they stated will occur before the middle of 2016. 

[Please explain the change in "procedure" by the IMF...] 


a change in procedure is fixed to float.  there is no rv...the IMF Article IV, that is confirmation.

 [I think you have to consider conditions today...] 

the CBI already did that..what do you think the 50k is for?  poor conditions prevent the CBI from moving at this time to a float. Therefore the 50k is a pacifier for the citizens.  

[IYO...is that also the move from a dual currency and operating only on the IQD?] 

iraq can never get rid of the dollar 100% they sell oil. 
~~~~~~~~~~~~~~~~

 ...the zeros (3 zero notes) cannot go away until the dinar has appreciated to a value that lets the CBI collect and destroy them.  It does not mean they won't start to raise the value within the next few months as we predict.  That being said, the CBI was clear, the 50, 100, 200 is expected to come out early or starting 2017. 

That would put the rate at or about .05 cents or so.  ..which is what we expect.  It may take 16 to 24 months to raise the value to a 1 to $1 rate in which the zeros are then "technically" deleted.   

I think everyone here expects the float to begin during the 1st half of 2016 which matches with the IMF statement and the goals for 2017.  So in reality, if parliament passes the laws, investors begin to flock into Iraq, and the CBI (with the help of the IMF) gets monetary policy under control, the 50K note works to reduce the paper, and the decision is made to exit the peg to a float by mid 2016, the nominal rate could be less or more than that educated calculation (we think about 5 cents).
Lot's of "ifs" here so we wait and see how it plays out.

Lot's of "ifs" here so we wait and see how it plays out.

Lots of nots is more like it ....

That blithering idiot knows full well what deleting the zeros really means yet here he is spining it with his BS once again! They have had two options all along, do like Vietnam, South Korea (over 50 years in their case}, etc and just live with that enormous money supply or delete the zeros by issuing a new currency (the ONLY way it can be done and exactly what they say they want to do!). By issuing larger denomination notes to relieve the burden of the citizen to carry so many of them around they quite clearly have chosen to just do like several other countries with inflated money supplies, issue large denomination notes and just live with that enormous money supply for a while.  

Quote,
"which is what we expect.  It may take 16 to 24 months to raise the value to a 1 to $1 rate"


Brilliant Krap!

In 16 to 24 months we can expect to see them increase the value of their wealth to more money than exists on the planet!!!!!!!

Why can't these guys tell the truth? (of course we all know why!) As long as that money supply remains in the Trillions it's simply not possible to see a significant rise in value no matter if it happens all at once or over a period of months, stretching it out over months solves nothing the numbers still end up the same! It's simply not possible either way and he knows it!


Why does everyone ignore that all important money supply? Why is no one willing to talk about it? They will talk about higher or lower "denoms" and "reducing the note count", etc but they never so much as mention the money supply, why not? It's because that's what they are trying so hard to get people not to look at by posting things like the above BS!

I would like to see Kraperoni explain how they can increase all those TRILLIONS of Dinars to even 10 cents when that would exceed their reserves several times over or that 1 to 1 he mentions above that would exceed all the Dollars on planet Earth by several times!


That money supply is all that really matters, nothing else anyone can come up with can explain it away so THAT"S why no one will talk about it!

More info added to original post