Latest topics
Kaperoni says Open that big door to a market economy then the dinar rise
3 posters
Page 1 of 1
Kaperoni says Open that big door to a market economy then the dinar rise
Kaperoni
...the reality is the dinar cannot move until the market forces are created to raise the value.
That means laws, and investment. ...as investment capital comes into Iraq to invest through the CBI capital account, it will begin to create inflationary pressure, that pressure is what will raise the value.
So unfortunately, nothing is going to happen until the Government of Iraq gets this moving forward. They need to activate the private sector by all means possible...tariffs, laws, stability, investors, etc.
Open that big door to a market economy. Then and only then will the dinar rise...It's called the Balassa - Samuelson effect if I recall.
I believe this is all scheduled to occur within the first 6 months of 2016. I believe the government plans to activate the market economy either just prior or at the same time the CBI meets the IMF conditions and accepts Article VIII (freedom of movement of capital) a requirement for global investment.
The rate will probably move slowly at first, building momentum as the economy begins to grow and take off.
I do not believe the Market Economy in Iraq can start until the banking system meets the IMF conditions and accepts Article VIII.
I continue to be reminded of the document we reviewed over a year ago from the IMF titled "from fixed to float" (in the Research Library) and the two ways the CBI could exit...either "orderly" or "disorderly. "
After everything that has gone on the last few weeks with the CBI, monetary policy, the critics, etc.. it sure seems "disorderly" (remember a disorderly exit is more out of necessity, which seems to be the case) to me.
Guess we just continue to watch it unfold.
Article quote: "...the Iraqi Central Bank Governor d. Ali Mohsen Keywords that the cash reserves of the Central Bank is still good, according despite all appearances and challenges that surround the economic, financial and monetary reality in the country with international standards..." I still find it sorta funny how the Iraq's keep asking for help, yet do nothing themselves.
Much of this would be a non-issue if they would just pass the laws to get the market economy going. Nobody is going to do that for them.
...these laws are in the hands of parliament and for whatever the reason (and against the desire of the citizens) they don't get passed.
Article: "Search our economy unique to the deployment of the central bank governor on the sale of currency and monetary reserve Iraqi window"
...the CBI is trying to demonstrate they can manage the currency within the guidelines of the IMF.
If the CBI can't maintain a spread through the daily auctions (a sort of supply and demand) in a closed system, how in the heck would they ever manage the dinar when it floats worldwide via true supply and demand?
...under Article XIV, the CBI is learning how to manage an exchange rate. It is in the CBI's best interest to achieve the goals set forth by the IMF so they can join the big boys. It is in hope that happens by sometime next year.
Last edited by Ponee on Wed Dec 09, 2015 11:13 am; edited 1 time in total
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Kaperoni says Open that big door to a market economy then the dinar rise
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Kaperoni says Open that big door to a market economy then the dinar rise
These guru's are and have been spot on with all their mis-information. At least they are getting their mis-information correct. What a joke all of them are.
mightyoak- Forum Fanatic
- Posts : 188
Join date : 2015-10-16
Re: Kaperoni says Open that big door to a market economy then the dinar rise
Yep they have all been 100% wrong so far ...
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Kaperoni says Open that big door to a market economy then the dinar rise
More Kaperoni intel added to the top of the post
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee