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Kaparoni - Iraq Must FLOAT!  11/16/18 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaparoni - Iraq Must FLOAT! 11/16/18

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Post by Ssmith Sat Nov 17, 2018 9:53 am

Sam I Am needs to read and understand the assessment done with Iraq and the CBI in the annual Article IV Cconsultation before putting out false and misleading information to the public.

There's only one website that backs up what it states with truth and facts and documents researched. http://DinarAlert.webs.com 
Just like in life, everyone has an opinion. I have stated over and over if you're going to trust some opinion make sure it is justified by factual documentation. Guru's know nothing. Stick to truth and facts. http://DinarAlert.webs.com


Sam I Am keeps telling people the dinar is already on a managed float. This is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world.

Sam I Am biggest argument is that the dinar will maintain the same exchange rate now is it will tomorrow. Anyone can say that because this is a process and the guru hype of a constantly going to RV, RI is nonsense.  I argued with him over 5 years ago and he never could dispute what I provided in fact he just changes the subject.


The latest…annual Article IV Consultation…done last September clearly states…”The authorities have appropriately maintained the exchange rate peg.”  This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. Telling people the dinar is already on a managed float…is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world.

In order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector.  …the central bank has to meet the conditions set forth by the IMF. And…they must be in compliance in order to move from Article XIV to Article VIII.  This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance …it’s in writing and factual.  Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn’t mean they will move today or tomorrow because other factors still exist which could still hold this up.

In order for Iraq to engage its banking system with the world’s financial system It’s a combination of government effort and financial stability/compliance.  And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process.   That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. Bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account…this has to be accounted for and that’s why the CBI must move off of the peg to a float prior to such action.
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Post by Zig Sat Nov 17, 2018 10:27 am

Interesting....curious as to where you found this....Oh never mind....just looked at Kap's tweets....it is there.... coffee
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Post by Ssmith Sat Nov 17, 2018 10:33 am

Keep up the digging Zig, and we may have to make you a Guru Hunter too!
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Post by Zig Sat Nov 17, 2018 10:36 am

omgNO!!....Never!....LOL....Ya never know....
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Post by RamblerNash Sat Nov 17, 2018 10:51 am


Kaparoni - Iraq Must FLOAT!  11/16/18 B819101f7f968e22cf7db6bd60495a51_biggerMichael Kaperoni‏ 

@kaperoni


Some people don't understand when they keep talking they sound dumber and dumber. White lions is an example she should keep her mouth shut because she knows nothing about what she's talking about.


Kaparoni - Iraq Must FLOAT!  11/16/18 B819101f7f968e22cf7db6bd60495a51_biggerMichael Kaperoni‏ 

@kaperoni


Her latest stupid comment is if Iraq floated their currency they would go bankrupt. Apparently she doesn't understand the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt?







https://www.dinardaily.net/t77724-kaperoni-iran-does-not-want-dinar-they-want-dollars-please-someone-tell-frank26-to-stop-his-nonsense
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Post by Ssmith Sat Nov 17, 2018 10:57 am

Anyone wanna buy a tee shirt?


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