Pimpy says a rate of $1.34 is just high enough that inflation would stay low.
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Pimpy says a rate of $1.34 is just high enough that inflation would stay low.
by Ponee Sun Feb 23, 2020 8:27 pm
Pimpy
...we know Dr. Shabibi had a problem with the IMF's monetary policies because he felt like it was hurting Iraq. The policies causing the inflation to go low but it was not allowing for a lot of growth in Iraq economically. So he was not a fan of that. He's the one who suggested that we have a sweet spot. And there's a sweet spot of about $1.34. $1.34 is just high enough that inflation would stay low. It's also just low enough that outside investors would still feel tempted to come in and invest in the country. That's what we want to see...
2-22-2020
...we know Dr. Shabibi had a problem with the IMF's monetary policies because he felt like it was hurting Iraq. The policies causing the inflation to go low but it was not allowing for a lot of growth in Iraq economically. So he was not a fan of that. He's the one who suggested that we have a sweet spot. And there's a sweet spot of about $1.34. $1.34 is just high enough that inflation would stay low. It's also just low enough that outside investors would still feel tempted to come in and invest in the country. That's what we want to see...
2-22-2020
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