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Kaperoni: "A RV would not only create chaos, but would prevent the usage of those tools" 2/26/20 I_icon_minitimeFri May 10, 2024 5:03 pm by kenlej

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Kaperoni: "A RV would not only create chaos, but would prevent the usage of those tools" 2/26/20

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Post by RamblerNash Thu Feb 27, 2020 12:08 am

Kaperoni  

...one...They [CBI] are a professional organization utilizing professional techniques to manage and control the financial system in Iraq.  Two, there is to much currency in circulation. Three, Iraq's total mineral net worth is 15 - 16 trillion dollars. At the current dinar in circulation, a 1 to $1 RV would completely bankrupt the country literally 3 times the entire worth of minerals including oil. Four, such an event would completely throw the entire financial system into chaos in Iraq. Five, monetary policy is a group of tools that support the demands of the financial system.  A RV or RI completely circumvents that process. For example the CBI generates revenue from the buy/sell of currency. It also reserves the right to raise or lower the value to counter inflation or deflation from time to time if needed. A RV would not only create chaos, but would prevent the usage of those tools. And lastly a currencies value is determined by market forces. Not some random or arbitrary value. That is 6 solid reason the dinar could never and will never will RV/RI. Our only hope is a gradual appreciation directly related to the success of the private sector/market economy.


2/26/20

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