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Guru Kaperoni  says - The only thing that we should be hoping for is a gradual appreciation as stated by the IMF. DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Guru Kaperoni says - The only thing that we should be hoping for is a gradual appreciation as stated by the IMF.

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Guru Kaperoni  says - The only thing that we should be hoping for is a gradual appreciation as stated by the IMF. Empty Re: Guru Kaperoni says - The only thing that we should be hoping for is a gradual appreciation as stated by the IMF.

Post by Ponee on Sun Sep 15, 2019 7:48 pm

Guru Kaperoni  



...guru Frank26 likes to refer to a minister of planning document talking about a 1 to $1 exchange rate.


  But it never said it would get there overnight!  And as I've already said on numerous occasions Iraq could never afford a significant RV of the dinar due to the fact that there is in excess 42 trillion dinar in circulation.  If the minister of planning was talking about an overnight event, it would have to be a LOP.  The only thing that we should be hoping for is a gradual appreciation as stated by the IMF. Such an event like this would allow the money supply to be reduced as the currency appreciated.


09.15.2019

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 I can say with certainty there will be no introduction of small  denominations because that's just not how monetary policy works there is no RV or RI.


 If the dinar goes up in value gradually as we expect any transition to any smaller denomination or notes would be seamless with little fanfare. 


If Parliament were to pass a law to redenominate the currency (LOP) then I could see the introduction of a package of small notes and displayed in advance of their implementation.


09.14.2019

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