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Saturday, May 5, 2018

KAPERONI TIDBIT, 5 MAY

I didn't say years in the sense that it won't happen for years. I said it could take years to increase but I fully believe it'll start this year. [reference Guru Kaperoni post 5-4-2018]  I must have said this at least a thousand timesthere is no overnight RV or are RI. When the Central Bank of Iraq moves to Article VIII to make the dinar internationally convertible and exchangeable and tradable worldwide they will have to leave the Peg and move to a float.  How fast the dinar rises is directly related to the investment that comes into Iraq and its capital account. There is no way to know how fast it will rise until it actually happens and we see what investors do. So first we're looking for 41 more days for compliance, then we're looking for the CBI to make a decision to move to Article VIII and write the letter to the IMF requesting acceptance, then it's the CBI exiting the peg moving to a float. How fast it rises once it begins to float is directly proportional to investment which could be fast or could be months or even longer. This is not an overnight event.

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