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Post by Allenj on Fri May 18, 2018 9:08 am

The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros.  What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation.  

My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone.  Not saying it will take that long but it is a directly related to investment.  

This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. 

 The truth is, if investors are lined up to 
participate in Iraq, it should happen fairly quickly. 

 But it is up to Iraq to create the right environment for the value to rise.  At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value.

it doesn't mean a floater he need to go back to school the truth is all currency float with in the 2% from what i have seen and read in the pass! once 2% is over with the will apply for A8 from the IMF then according to Iraqi law the CBI has the right to raise rate i don't believe they will. if they do it will only be a few cents or so. just look at  history (or the pass). 

now the CBI did say it would take 2 years but they never said it would appreciate gradually  now they did say it would return to what it was before the war they never said HOW IMO kep you are FOS

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Post by Sam I Am on Fri May 18, 2018 7:04 pm

LOL!!! Kap has been using that "Balassa-Samuelson effect" BS for 7 years now. The 2 years that the CBI was talking about is the two years that it will take to remove the IQD from circulation when they introduce the replacement currency in a REDENOMINATION!!! (lop)

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