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 "Time Will Tell" (Sound Familiar LOL!)  9/29/17 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni "Time Will Tell" (Sound Familiar LOL!) 9/29/17

Go down

Kaperoni "Time Will Tell" (Sound Familiar LOL!)  9/29/17 Empty Kaperoni "Time Will Tell" (Sound Familiar LOL!) 9/29/17

Post by roxy22222222 on Fri Sep 29, 2017 10:04 pm

...As a result of the Kurdistan referendum, the Parliamentary Finance Committee has asked the CBI to suspend Kurdish banks from the daily currency auctions. It appears the CBI has confirmed they are in fact doing so with the documentation about. What does this mean to us? It means that the decision to do this is counter productive to the goals set forth by the recent IMF Stand by Agreement and efforts from the UST and IMF to help Iraq meet the conditions to move to Article VIII.  ...the sole remaining obstacle was to demonstrate the CBI could manage the dinar within Iraq and maintain a spread between the Official Rate and the Market Rate (street rate) of 2% or less...the IMF requires this to he held for 90 days before compliance would be met.  The goal is 1200 to $1 or about. The decision now to prevent the Kurdistan region has had an effect on this spread as reported today it is now 1275 to $1 in the region

 If Iraq is going to bring investment into Iraq, they need to meet compliance, and move to Article VIII so the dinar is more recognized globally. Freedom of movement of capital in and out of Iraq is a requirement for investors to participate in the rebuilding of Iraq. The economy will stall if the CBI cannot find a way to meet compliance and take the next step for the banking system. It clearly will have an effect on not only the economy, the banking system, monetary policy, employment and the citizens. There is nothing we can do except watch how this plays out with the hope a resolution comes sooner than later so the CBI can get back to what it needs to do.   I am not abandoning the dinar, this is not a "sky is falling" prediction, this is a factual explanation to the events of the Kurdish referendum that will need to be addressed by the IMF and the CBI. It will cause delays..which may be a few weeks or several months or longer. Time will tell.
roxy22222222
roxy22222222
GURU HUNTER
GURU HUNTER

Posts : 2881
Join date : 2015-04-20

View user profile

Back to top Go down

Kaperoni "Time Will Tell" (Sound Familiar LOL!)  9/29/17 Empty Re: Kaperoni "Time Will Tell" (Sound Familiar LOL!) 9/29/17

Post by harry t afleeties think a on Sun Oct 01, 2017 4:24 pm

think as the price of oil goes up  the chances of rv goes down Iraq will keep on doing the same screwing the people as well as the suckers who keep throwing there money at them

harry t afleeties think a
Guest


Back to top Go down

Kaperoni "Time Will Tell" (Sound Familiar LOL!)  9/29/17 Empty Re: Kaperoni "Time Will Tell" (Sound Familiar LOL!) 9/29/17

Post by Allenj on Sun Oct 01, 2017 4:52 pm

:tdown: Kaperoni "Time Will Tell" (Sound Familiar LOL!)  9/29/17 1656125192 Kaperoni "Time Will Tell" (Sound Familiar LOL!)  9/29/17 3508649203 crap

Allenj
VIP Member
VIP Member

Posts : 357
Join date : 2017-04-24

View user profile

Back to top Go down

Back to top


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