Monday, November 16, 2015


11-16-2015   Newshound Guru Mike   ...the IMF's involvement should help right the ship, they definitely need help in getting control over what's happening to the dinar and the reserves.  One things clear, Iraq has to address these issues now.  In January we all knew that things were beginning to unravel, the auctions were capped, the dinar lost value on the street and the reserves are slowing dwindling.

11-16-2015   Newshound Guru Enorrste
   [...does "removal of restrictions"  mean going to float,  market supply and demand?]  Policies related to foreign currency and the removal of restrictions on foreign currencies means moving to a floating dinar.  At present there are essentially no policies related to foreign currencies because the dinar is not tradable with foreign currencies.  Thus until now they have had no need for policies related to them.  However, with the movement to a float and international recognition of the dinar those policies will have to be put in place.  More to the point, the IMF is saying that when they do move into the world market with the dinar they do not want any restrictions placed on conversions from one currency to another.  In other words, they are calling for a free float.

11-16-2015   Newshound/Intel Guru BGG
   I have no comment on "the float theory" - it is certainly possible...  I could care less if the IMF decides to resort to float... JUST GET IT GOING...once it starts - most realistic economists agree it will raise to a realistic value quickly if they do that.  I do think the IMF will be a major determinate in the value of the IQD from here on...  [could it be possible if the W.B. IMF actually FORCE Iraq to r/v?]  not impossible - in one way or another...they are taking a direct "advisory role" as part of their financial support.

11-16-2015   Intel Guru Frank26
   We are walking out of the RI and into the RV.  The RV is multi dimensional with many positions for DRS [Dr. Shabibi].  ...He and They have told us of their surgical steps being taken in a Masterful MR [Monetary Reform] of their currency the IDQ.

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