Kaperoni says 00 There is no RV. The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy
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Kaperoni says 00 There is no RV. The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy
Kaperoni
...Iraq is in a financial crisis in about to go broke. There is no RV. A country's exchange rate is based on the growth and economic success of the economy and monetary policy is a tool to counter inflationary pressure as a result of that growth. It's not some random act just to give wealth to people. The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy. Remember the central banks are in business to make money not give it away. If Iraq ever had the intention to significantly overnight RV they wouldn't have in excess of 40 trillion dinar in circulation outside the banking system in Iraq. That's just too much money.
...Iraq is in a financial crisis in about to go broke. There is no RV. A country's exchange rate is based on the growth and economic success of the economy and monetary policy is a tool to counter inflationary pressure as a result of that growth. It's not some random act just to give wealth to people. The whole idea of a revaluation (RV) is nonsense. Central banks don't work that way and it contradicts monetary policy. Remember the central banks are in business to make money not give it away. If Iraq ever had the intention to significantly overnight RV they wouldn't have in excess of 40 trillion dinar in circulation outside the banking system in Iraq. That's just too much money.
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» Kaperoni: "Maybe some of you will study monetary policy now" 3/13/20
» Kaperoni: "The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works" 7/16/19
» Kaperoni: "Not true. You do not understand how monetary policy works"
» Kaperoni: "What fascinates me is the amount of people that own Iraqi dinar who have never taken the time to understand how monetary policy really works or to understand how banks operate, how currencies are priced" (Another 90 Day IMF Countdown? LOL)
» Kaperoni "There is no RV or RI or reinstatement...that is not how monetary policy works and that is not the case in Iraq 4/12/18
» Kaperoni: "The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works" 7/16/19
» Kaperoni: "Not true. You do not understand how monetary policy works"
» Kaperoni: "What fascinates me is the amount of people that own Iraqi dinar who have never taken the time to understand how monetary policy really works or to understand how banks operate, how currencies are priced" (Another 90 Day IMF Countdown? LOL)
» Kaperoni "There is no RV or RI or reinstatement...that is not how monetary policy works and that is not the case in Iraq 4/12/18
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