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Kaperoni: "I do expect if they choose this now for it to devalue some, but not much or for very long. Predictions are 1300-1350 to $1" 3/13/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Kaperoni: "I do expect if they choose this now for it to devalue some, but not much or for very long. Predictions are 1300-1350 to $1" 3/13/20

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Kaperoni: "I do expect if they choose this now for it to devalue some, but not much or for very long. Predictions are 1300-1350 to $1" 3/13/20 Empty Kaperoni: "I do expect if they choose this now for it to devalue some, but not much or for very long. Predictions are 1300-1350 to $1" 3/13/20

Post by RamblerNash on Sun Mar 15, 2020 2:11 pm

Kaperoni

sandyf...For the most part you are correct. Iraq could accept Article VIII, but fear plays a part since it is a one way decision. The IMF does not allow a country to return to Article XIV once accepting VIII. I...expect sooner or later if they want to diversify their resources they will accept it. As for floating the currency, it is the natural progression to get off the peg once they create the conditions for a private sector/market economy. That would be called an "orderly exit." Currently, due to a lack of a prime minister, a cabinet, the laws needed along with low oil and Coronavirus it is creating the "perfect storm" for Iraq's economy and speeding up the transition. In fact, often called a "disorderly exit." I am not a fan of this situation but it is what it is and we will have to see what the CBI decided to do...wait for the perfect conditions or just throw the oars in the water and row for a few months until this passes. ...I do expect if they choose this now for it to devalue some, but not much or for very long. Predictions are 1300-1350 to $1. One thing is for certain though. There is no RV or RI about to happen...

3/13/20
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