Kaperoni says -- if they were to LOP it would be a neutral event. No loss, no gain.
Page 1 of 1
Kaperoni says -- if they were to LOP it would be a neutral event. No loss, no gain.
by Ponee Sat Oct 03, 2020 9:03 pm
Kaperoni
...a LOP is not something that the Central Bank of Iraq can just do... it requires parliamentary approval because it changes the face value of the banknotes. Personally, I do not think a LOP (redenomination) is the plan. There is too much talk about floating the currency and allowing it to at least initially to devalue to save money. This is not what investors want to hear...But I expect Iraq to follow the IMF directives. As the IMF said...send a positive message to the investor community and facilitate a favorable business climate.
[So if it’s a LOP, my 3,500,000 Dinar is worthless.] No, if they were to LOP it would be a neutral event. No loss, no gain. And the dinar can always appreciate thereafter.
...a LOP is not something that the Central Bank of Iraq can just do... it requires parliamentary approval because it changes the face value of the banknotes. Personally, I do not think a LOP (redenomination) is the plan. There is too much talk about floating the currency and allowing it to at least initially to devalue to save money. This is not what investors want to hear...But I expect Iraq to follow the IMF directives. As the IMF said...send a positive message to the investor community and facilitate a favorable business climate.
[So if it’s a LOP, my 3,500,000 Dinar is worthless.] No, if they were to LOP it would be a neutral event. No loss, no gain. And the dinar can always appreciate thereafter.
Ponee- Admin
- Posts : 38256
Join date : 2011-08-09
Similar topics» Kaperoni says -- if Iraq has any intent to make the dinar equal to the dollar as some kind of overnight event as the guru's say, it will be a neutral event/LOP.
» Kaperoni-- This is not a RV/RI but a neutral event. We do not want to see Iraq do this.
» Kaperoni: "Parliament has talked about doing a LOP which is a neutral event and you make no money" 9/29/19
» Kaperoni: "The delete 3 zeros is not a solution it is a neutral event where the dinar maintains the same value but it removes the zeros" 6/23/21
» HYpe is Not a Neutral Event
» Kaperoni-- This is not a RV/RI but a neutral event. We do not want to see Iraq do this.
» Kaperoni: "Parliament has talked about doing a LOP which is a neutral event and you make no money" 9/29/19
» Kaperoni: "The delete 3 zeros is not a solution it is a neutral event where the dinar maintains the same value but it removes the zeros" 6/23/21
» HYpe is Not a Neutral Event
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Iraq is being torn apart
» Dinar Devalues 22%
» Military whistleblower claims US has UFO retrieval program
» Pedophiles beware
» Tucker on twitter
» The Great Awakening
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» Frenetic Tony
» Introduce myself
» New Hands
» a quickie
» My name is Tiger.
» Phony Tony and the Lying Game
» Planetary liberation alliance scores major victories as Biden Horror show taken over
» What if the real truth about the Fox News/Dominion/Carson, etc. situation is something totally different?
» The Central Bank supports the international "Buna" platform with $50 million
» Whats on the Menu at the Renfrow Diner?
» DINAR IRAQ AND DONG VIETNAM UPDATE 4/19/23
» Word by Tucker Carlson
» Now Tucker can say what he really believes in about our controllers.
» Tony serves up another Nothing Burger
» Central Bank: Available cash is not available and we have a plan to attract money
» Guru MarkZ 4/20/23 am
» Guru MountainGoat 4/20/23
» Guru Sandy Ingram 4/20/23
» Guru Judy 4/20/23
» Guru Bruce Dingleberry 4/19/23
» Predictable Tony yet again
» Guru MarkZ 4/10/23 am
» Guru Nader 4/11/23
» Guru MilitiaMan 4/11/23
» Guru Judy 4/11/23
» Guru Frank26 4/10/23
» Guru Wolverine 4/7/23
» Guru Sandy Ingram 4/7/23
» Guru Nader 4/7/23
» Gurus Frank26 & Firefly 4/7/23
» Guru Bruce Dingleberry 4/7/23
» Guru MarkZ 4/7/23 am