Dinar Daddy: Chats/Posts
* Nighthk11 chat: Dinar Vets (Private Site) 3/31/11
March 31, 2011 05:37 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
Nighthk11 Chat 03/31/11
« on: Today at 05:45:50 PM »Quote
4:05 PM [Nighthk11] Movement is taking place with a specific timetable in mind- hopefully this will be over within a short period of time- days-hours
4:06 PM [Nighthk11] All though the little news we have observed is conflicting- I believe at this point their time of misleading and fooling people is over as we have their game plan.
4:07 PM [Nighthk11] IMF requirements must be met- they will no longer be allowed to squirm and get away with wasting time and trying the patience of many
4:08 PM [Nighthk11] They will be fast tracked into Art 8 which allows for a tradable currency if they are not there now
4:10 PM [Nighthk11] As I stated before, the second quarter of 2011 begins on 1 April- that is a day away- I am on dinar watch as of today because I believe we will see it at any time- specifically by 01 Apr- very possible by tomorrow evening after banks are closed- this is just my opinion
4:10 PM [Nighthk11] Most certainly by or before 8 April when the WTO inaugural is to take place
4:11 PM [Nighthk11] For all that are tired of waiting- I strongly suggest you read MDB’s IMF info- the plan is in the final stages and there is a window- we are looking at the RV
4:13 PM [Nighthk11] There is really nothing more to say except keep watching as this comes to a close- the door is shutting and we will be cashing in – That is all- done for now many thanks
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* Poppy2 Chat: People’s Dinar 3/31/11
March 31, 2011 05:33 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
7:17 PM [POPPY2] For what it is worth from a old successful country boy who was raised on a chicken farm and hauled manure till entering the air force for 5 yearsbeginning in 1965 til 1971. I am going to be posting one time my feelings of where we are and some reasons for delays for the last few weeks and my outlook for the next few days right or wrong i assure you i have done the homework and for over two years all point the following direction.
[POPPY2] OK FOR WEEKS NOW WE HAVE BEEN TOLD WE NEED THIS AND WE NEED THAT TO GET TO THE RV ?? WELL AS OF THE END OF DEC ALL THINGS THAT HAD BEEN STATED FOR TWO YEARS HAD BEEN DONE THEN THE LIST GREW TO NOW WE NEED MINISTERS, GOI, BUDGET READINGS AND THE LIST GOES ON. Well now we have full filled all thise thing and more, contractors being paid smart cards visa cards, gas cards, Iraq dinar being used exclusively within the counrty, ATM machines loaded with small denoms and some 500 atm’s distributed throughout the country and finally programed for the new currencies, OLD and damaged money being turned and exchanged for new. HANG ON IT IS GETTING BETTER. Poppy2
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* JARV & Dinar Speculator Members Chat: 3/31/11 1:41pm
March 31, 2011 05:29 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
JARV says to (13:41:49):
Did any of you go to that document from IMF the pdf that was 15 pages
Lolajudy10 says to (13:41:54):
It always helps though…..I enjoy watching the give and take between you and Med.
JARV says to (13:41:58):
that I talked about with Med the ohter night
JARV says to (13:42:46):
www.imf.org/external/np/loi/2011/irq/030311.pdfJARV says to (13:43:14):
Did you look at the charts that gave the actions and the done columns?
JARV says to (13:43:23):
They are working on this
bighope4us says to (13:43:26):
Do you mind posting chat. I got on at end of chat.
Lolajudy10 says to (13:43:35):
Thanks for the link – I’ll take a look.
JARV says to (13:43:40):
not as fast as we want
jodymarie says to (13:43:46):
Yes – and I have a question. Jarv – do you know when the StandBy Agreement ends?
JARV says to (13:43:49):
but now IMF has given hem a date
flowergirl says to (13:43:56):
www.dinarspeculator.com/showthre … #post86341
JARV says to (13:44:02):
to finish this May 31st
bighope4us says to (13:44:31):
thanks for the date. I missed it.
JARV says to (13:46:10):
jody
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* Therealguru Chat: DDC 3/31/11
March 31, 2011 04:18 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
therealguru: well, facts are facts
therealguru: even if someone wants to rebuttal it
therealguru: they can try but…
drifter: guru can you debunk the imf article for us??
therealguru: which one?
therealguru: about the dinar being stable?
drifter: yes
therealguru: well, I read it breifly
therealguru: its most likely true
therealguru: as it is now
therealguru: the first review on Iraq done by the IMF stated that, at the time, the IQD was maybe Overvalued…
therealguru: so, I would tend to believe that new article is legit
drifter: so why do they want iraq to rv??
therealguru: well, the Rv will come from Iraq
therealguru: not the IMF
therealguru: but Iraq has to realize its economic conditions and improve on it…
therealguru: basically like what the article states that splash just posted
therealguru: Iraq has potential, just not much to offer at this very moment…yet
therealguru: when oil is 90% of your revenues…and with it being so volatile
therealguru: ..one can reason that they need to diversify, build up, get infrastructure, agriculture, private and banking sectors, build up their foreign currency reserves
therealguru: then they justify a higher rate
drifter: so are you saying we are in for a long wait on the rv??
therealguru: that’s not an opinion but facts…now whether Iraq pulls the trigger now or later is up to them and approval from the IMF …but I just don’t see it happening until some of those things can start being accomplished
therealguru: yes, drifter, I do think it will take some time
therealguru: and I base all that on these facts I mentioned
therealguru: along with what the WTO, WB, IMF, etc. say
therealguru: but I wont say its absolute, i am sure things are being worked on that isnt reported…I want it to happen tomorrow as well..but logic seems to dictate otherwise
drifter: hmmmm…are they going to be in the wto soon?
therealguru: there are positive things going on..
debra: you know guru, your thinking is on the same line as mine as far as the rv goes
therealguru: drifter, that is up for debate
therealguru: I can only stick with facts
therealguru: and here are a couple
therealguru: April 7th, no country will be up for accession
boilergrad: trg, for Iraq to accomplish anything that it wants to regarding rebuilding of their country, the exchange rate has to improve dramatically, and soon
therealguru: it is simply an Intro Day
therealguru: one sec boiler
therealguru: I can rebuttal that..lol
therealguru: in fact, the WTO director, Pascal Lamy has said in an article that the only country up for accession this year is Vanuatu
therealguru: doesn’t mean Iraq can’t have some sort of special day for themselves
therealguru: just hasn’t happened before
therealguru: accession day for the WTO is beginning of June
therealguru: and although Iraq is pushing and making necessary steps, and there appears to be restricted files, they still have things to do…so..based on facts and not assumptions or theories..I say Iraq may get in next year but we can hope for this year.
therealguru: but I don’t have secret ninja like sources to tell me they are already in..so that remains to be seen
drifter: thx
drifter: lol
therealguru: All of this can be found if you just research the WTO and its history
therealguru: and boiler, in regards to your post…
therealguru: Iraq has a loan with the WB and SBA with the Imf…
therealguru: those monies( tranches) are to be used for the rebuilding and infrastructure of Iraq
therealguru: they are using the money for contracts…which is good…its just going to take awhile
therealguru: for instance, Caterpillar was awarded a contract just recently for generators…for a power grid..but it wont be for a year or two before its complete
therealguru: and all of that is paid in USD
boilergrad: loan or no loan, their currency is worthless, they have to import from other countries to rebuild. They at some point can be a self sustaining country with all of their resources, but they are not there yet
therealguru: thats right
therealguru: they have the assets and opportunity…just need to build up to get to that point
therealguru: which is the main reason I believe the dinar will go up
boilergrad: I just think their currency will go up sooner than later
therealguru: well boiler, you join many of other people in the dinar world
therealguru: but if it takes another year or so…I will take the money then also…
boilergrad: and the fact that their currency is a “program rate” which is artificial
therealguru: and, to be honest, I hope it does
therealguru: their rate has been artificial for years and years
boilergrad: I has to be un pinned at some point to stand on it’s own
therealguru: well, if they want to go international…yes
boilergrad: but they are a functioning country at this point
boilergrad: which they haven’t been up till this point
therealguru: Iraq has never been a democratic country…
therealguru: its taking time to do all this
therealguru: and amidst their way of thinking and doing things…we see fights and delays
captkm: Yes I think they struggle with a paradigm shift in their thinking as it relates to democracy.
boilergrad: if you study our history, they are actually having an easier time completing this than our founding fathers did
therealguru: well sure
therealguru: as they should…its the 21s Century
therealguru: good things will come…
captkm: guru you said it………….it will come
boilergrad: I believe if they do not get their currency elevated soon, there will be a revolt of their people
therealguru: whys that boiler?
boilergrad: they have already been warned
therealguru: they have went on like this 8 years?
therealguru: all they want is food, elec, water, public services
therealguru: necessities they haven’t had
boilergrad: but they see, Dubai and Kuwait and how those people live off of oil and they don’t want to wait any longer
therealguru: Kuwait has 3 mil people living there
LeeAnn: They are creating a democracy with the help of others not just their parliament. That takes time to establish.
therealguru: they are established
therealguru: Iraq is war torn
therealguru: too diverse in its religion
therealguru: and 30 mil of them living there
boilergrad: the common people living there don’t care about that, they just want what is rightly theirs
therealguru: but, I would say, to a certain degree that Iraq would strive to be like its neighboring countries
therealguru: yes boiler, like water, elec, etc.
boilergrad: they will probably end up being one of the richest countries in the world, and you don’t think they know that?
therealguru: they will be given new opportunities
therealguru: they can start agriculture now
LeeAnn: I do not believe the common people know there is an option. What they are doing in their “normal”. It seems strange to us but to them that is life as they know it.
therealguru: I am sure We all know this…and the general Iraqi citizen may realize that a better life is expected..but to what extent?
boilergrad: but again I say, to accomplish all of that they need a currency that internationally recognized
therealguru: they only have elec. for 4-6 hours a day
therealguru: ok boiler….i understand
Dinar Daddy Chat ~
LINK
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* Scooter Chat: DV 3/31/11
March 31, 2011 04:10 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
[Scooter] ok — lets see — what to talk about — hmmmmm — the IMF document seems to be one of the many things I’m dissecting
[Snickers77] well jimpickles seems to think its not as negative as some are saying or interpreting
[kcw] Scooter does it have meat, or is it all skin and bones?
[Scooter] there’s alot of questions — alot of positives — alot more delays than were previously led on to believe were completed
[Snickers77] what kind of delays
[Scooter] it’s not
[Scooter] alot of positives
[Snickers77] but what kind of delays
[Scooter] the Debt Sustainability is very intriqueing
[Snickers77] are you thinking far off delays?
[Scooter] Here’s some of the confusing parts
[Scooter] for example
[Scooter] The bank restructuring of Rafadain and Rasheed
[Scooter] sorry
[Scooter] had to collect my thoughts
[Scooter] that was supposed to have occurred last June 30th
[Snickers77] wait i think i misread .. youre saying they are already completed.
[Scooter] now it’s been targeted for this june 30th
[Scooter] I understand why
[Snickers77] ahh ok
[Scooter] they had two or three suspence accounts that they couldn’t account for
[Scooter] they couldn’t track the money
[Scooter] nor could they track which government agency it actually belonged to
[Scooter] now
[Scooter] that
[Scooter] that’s not the tricky
[Scooter] part of the question
[Scooter] Here’s the question that Enoch8 and I have been asking
[Scooter] Why would they RV prior to “Re-Booting” those two government banks
[Scooter] They clean the Balance Sheets
[Scooter] Re-Capitalize the Accounts
[Snickers77] they are planning on rebooting them the end of june?
[desimo] Scoot….One thing that has never made sense is the talk regarding the l op. Regardless what they do over there I do not see how they still would not have to still increase their value. What is your thought? For them to do anything it seems like they must increase the value of their currency.
[Scooter] then, in most cases, you RV afterword
[Scooter] Hey Desimo
[Scooter] the bunny-ear
[Snickers77] arent they in the process of restructuring those banks now?
[desimo] morning…still working on my second cup of coffee
[Scooter] hahahah
[Scooter] just completed my first
[Scooter] but it was cold by the time I got to it
[Scooter] LOL
[desimo] ok
[Scooter] hold that question
[Scooter] ok – where were we
[Scooter] here come the answers
[Scooter] Yes
[Scooter] the banks have been restructuring for the past 18 months
[Scooter] but several obstacles came in the way
[Scooter] one
[Scooter] personell
[Scooter] they couldn’t find 300 people qualified to fill the positions
[Scooter] which seems amazing to me
[Scooter] nevertheless — they filled that — just took them a very long time
[Scooter] the second were these suspence accounts
[Scooter] but they needed to account for these and the cooperation from many of the ministries has been horrible to say the least
[Scooter] they seem have a significant problem communicating between inter governmental agencies
[Scooter] maybe they should get email
[Scooter] I’ll make that recommendation
[Scooter] but back to that original question
[Scooter] Would they RV to the general populace before they recapitalize those banks or after
[Scooter] ok
[Scooter] where was I
[Scooter] oh yea
[Scooter] the banks
[Scooter] LOL
[Scooter] so during our brainstorming last night
[Scooter] we reviewed some of the prior CR’s
[Scooter] Country Reports
[Scooter] in there they indidcated — at least originally
[Scooter] they indicated the banks would re-capitolize at 400 million and 500 million IQD
[Scooter] but what we didn’t know
[Scooter] at what rate
[Scooter] heck — that could mean anything — the nominal rate or the REAL rate
[Scooter] but then we reviewed the Ernst and Young Audit of the CBI
[kcw] Scooter for 2010?
[Scooter] and found those banks had so many whacked out accounts the real capitalization was to around 3 Billion USD and 1.5 Billion
[Scooter] respectively
[Scooter] no
[Scooter] 2009 Audit
[Scooter] The 2010 was to be out this month
[Scooter] but they made it a benchmark for May 2011
[Scooter] Good question — actually very impressed — not many people would know about that audit
[Scooter] Nice…
[Scooter] Nevertheless
[lapdretired] is it noon yet I need a drank
[Scooter] after further considering and deeper pontification
[Scooter] we looked at it differently in that it would be more beneficial to RV prior to completing the Bank restructuring
[Scooter] and
[Scooter] in fact those two actions could in fact be mutually exclusive of one another
[Scooter] Here’s why
[Scooter] the CBI and the Ministry of Finance must set up a STA
[Scooter] STA — single Treasury Account
[Scooter] good point — getting focused again
[Scooter] so here’s the timelining of events for the next couple of months
[Scooter] and I’ll let you decide
[Scooter] and
[Scooter] I’ll post the snapshots later this evening
[Scooter] but we’ll do this from memory so bear with me
[Scooter] By May 1st all the 13,000 claimants will be resolved and paid out
[Scooter] By end of May there’s several benchmarks that were to be completed in October 2010
[Scooter] will be completed — we hope
[Scooter] by mid May
[Scooter] there’s the Arab League Summit
[Scooter] oh yea
[Scooter] and did I mention
[Scooter] parliament is in the midst of passing multiple banking laws
[Scooter] they need to do this before the April 7th date
[Scooter] Also
[Scooter] in June the immunities will be removed from Iraq
[Scooter] this is where it’s going to get interesting for the CBI
[Scooter] because there are existing international rulings
[Scooter] whereby people and organizations will be coming
[Scooter] and coming fast for payment
[Scooter] With this one — I don’t think many people know at all — maybe a handful
[caz1104] Scooter can those immunities be extended?
[Scooter] CAZ — they can — Indeed
[Scooter] but
[Scooter] then in July
[Scooter] the Paris club and non paris club debt
[Scooter] payments begin
[Scooter] now to throw another interesting twist to this saga
[Scooter] we see the IMF is changing the how they change exchange rates
[Scooter] they are looking at changing the original Brentoon Woods rules of engagement
[Scooter] they are looking at including Capitol
[Scooter] Flows into the equation
[Scooter] primarilly for the emerging countries
[Scooter] China hates the concept
[Scooter] the US and Europe would love to see that
[Scooter] but for Iraq it would accelerate the strength of the currency immensly
[Scooter] Why?
[Scooter] because imagine how much capital will be flowing into that country over the next ten years
[Scooter] heck
[Scooter] just over the next 12 months
[Scooter] they need oil infrastructure in the amount of 100 Billion alone
[Scooter] according the Bank of America
[Scooter] then equate the population
[caz1104] Scooter isn’t Bonds on trail for something simular “accelerate his strength”?
[Scooter] you have intense presssure on the currency to strengthen immediately
[Scooter] LOL
[Scooter] had to re-read that
[Scooter] yes
[Scooter] yes he is
[Scooter] so looking at the windows of opportunity
[Scooter] and leveraging the best time in terms of marketing and splash
[kcw] Scooter then you have the in country core inflation going up and that is also pressure on the currency policy right?
[Scooter] April is a hot month
[Scooter] weighted heavilly
[Scooter] same with May — provided they stay on course and hit the benchmarks set forth
[Scooter] Thats the other item that bothers me
[Scooter] the benchmarks seem to be changing
[Scooter] there’s more being added to the list
[Scooter] the benchmarks are set by primarily the IMF, UN, WorldBank
[Scooter] they are there to insure that Iraq aligns itself with the world community and have the proper safeguards
[Scooter] for the upcoming structural changes
[Scooter] so for example
[Scooter] Iraq has done very well of late when it comes to meeting the MacroEconomic benchmarks
[Scooter] they’ve kept inflation low in real terms
[Scooter] they do need to increase production however
[Sheree] Scooter do you think RV could still be a couple years off?
[Scooter] I don’t think it’s that far
[Scooter] nope
[Sheree] Scooter Scooter you think this year?
[Scooter] can’t answer that one honestly
[Scooter] HCL does matter
[Scooter] here’s why
[Scooter] when you review the benchmarks from the long history
[Scooter] the US congress, first SBA IMF agreement, and World Bank DPL’s
[Scooter] all of them lay that out as a mandated item to be completed
[Scooter] but here’s the thing with HCL
[Scooter] the draft has been done for 2 years
[Scooter] now it’s just up to parliament to pass that stinking thing
[Scooter] What we do know right now however
[Scooter] is that there’s much more IQD outside the confines of Iraq than we previously thought
[Scooter] but here’s the second area of
??
[Scooter] When the new currency was printed
[Scooter] the CBI only printed 27 Trillion total
[Scooter] so
[Scooter] what’s being auctioned off everyday
[Scooter] well
[Scooter] there’s alot of recylcling
[Scooter] and the money supply has grown significantly
[Scooter] now
[Scooter] to the other side of things
[Scooter] not confirmed completely
[Scooter] but
[Scooter] if 20 trillion is outside the borders
[Scooter] there’s alot of paper that will never ever return to the country of Iraq
[Scooter] ever
[Scooter] that’s alot of soiling
[Scooter] so KCW
[Scooter] yes
[Scooter] that Audit report from Ernst and Young
[Scooter] will definately be interesting
[merry1] Scooter so what’s to stop the Iraqi governemnt in saying, that the currency outside of the country is invalid? Could they do that?
[Scooter] no, that would breach some huge rules of engagement
[Scooter] ahhhh
[Scooter] gotcha
[Scooter] I see
[Scooter] Well folks — i’m sorry to have to do this
[Scooter] but I need to get some work done
[Scooter] sorry
[Scooter] daytime job
[kcw] Scooter Thank you and be Blessed
[Scooter] must feed the FAM
[don1164] ty scoot
[Scooter] NP
[Sheree] Scooter Scooter Scooter thank you so much for your time
[pleasantvalleySunday] Scooter thanks dear!!
[dinar_millions] ok scooter later
[Scooter] I hope that helped
[winchell99] thanks for all the info, Scooter. Really appreciate it!!!!!
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* Med chats (2): Dinar Speculator 3/31/11
March 31, 2011 02:15 pm · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
Meds chat 3-31 4am
Med says to (05:30:47):
GM HOSERS AND TROLLS
Med says to (05:30:56):
HOW ARE ALL THIS FINE YOOPER MORNING
Mountainman says to (05:30:59):
Morning Med from troll land…
Med says to (05:31:05):
HE HE
Med says to (05:31:14):
WHAT AN INCREDIBLE AMOUNT OF NEWS
AND NOT MUCH OF IT SUCKS
Med says to (05:31:40):
FOR A CHANGE
Med says to (05:31:53):
WE SHALL SEE ABOUT THE VOTE ON THE MINISTRIES
Med says to (05:32:05):
I SEE THAT MALIKI IS NOT IN A GOOD SPOT HERE
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* Dinar Daddy: The Weekly Tidbit “Sign-up” Is Now Available
March 31, 2011 10:44 am · Posted in CHATS & POSTS (Iraqi Dinar Info), TIDBITS (Dinar Daddy Info) · Comments Off
All,
As I did by isolating the “RV Announcement“ sign-up, I’ve done the same for my newsletter, “The Weekly Tidbit“. You can now click on the banner on the far upper-right side of Dinar Daddy’s Tidbits, and sign up to receive, via EMAIL, my weekly newsletter.
You can access that same newsletter online at
www.TheWeeklyTidbit.com, but for those who enjoy receiving that directly from me in their inbox, this is an excellent option. Enjoy!
Go The Weekly Tidbit… Go Dinar!
Dinar Daddy
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* KTF Missions Conf. Call Notes 3/30/11
March 31, 2011 10:15 am · Posted in CHATS & POSTS (Iraqi Dinar Info) · Comments Off
KTFM Conference Call 3-30-11
Part 1
Frank opens with a prayer and a song….
My stating April 7th was not me saying it would RI-RV on that date – I do not give dates and I point you in directions to study – example to follow Hillary – she was very busy with ME – her aids are in Iraq today talking with Zebari today.
We state our conference calls with dignity and the GOI does all things possible to throw us off the track so we are careful with what we post and say on the conference calls…
Even the GOI articles can’t be believed due to wrong information given even in the same article.
Those that say RV tomorrow tomorrow tomorrow – be careful who leads you -let GOD lead you…
Frank opens with a song How Great Thou Art and a prayer.
We have been waiting for Iraq to announce itself and each week the inch closer – then they argue and then they say ok and start all over again… childish… the last 10 days that everyone realizes that the GOI is active and functioning and Maliki hides the power – hiding the GOI releases the budget but the don’t want to due to the rate and the reinstatement of the dinar to $3.22 up to $3.86 – we have waited for them to SIT DOWN.
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* Dinar Daddy’s Take on IMF Article
March 31, 2011 09:37 am · Posted in CHATS & POSTS (Iraqi Dinar Info), TIDBITS (Dinar Daddy Info) · Comments Off
All,
Once again, there is an article out there, only this time from the IMF, that gives people concern about their investment in the Iraqi Dinar. I’m writing this to help you all understand MY take on the article. Here were MY thoughts when I read it (exact article posted with it’s link below for your reference)…
1) Because I have a long-term approach to my investment this doesn’t concern me too much. What I view as relatively “soon” may be viewed by rumor mongers as “long term”.
2) This article tells me the the RIGHT PEOPLE are in charge of this evolutionary effort. As such, having the IMF quoting the CBI only gives me confidence they are working together to continue to protect my investment.
3) Regardless of whether they are revealing the truth or not (I’m not going to get caught second guessing everything that comes from the CBI or IMF), I do know this one fact… when the time really DOES come when they really do revalue their Iraq’s currency, an article such as this WILL come out to throw people off.
4) Only time will tell the truth. Until then, I’m not going to stress about it. I’m pretty confident we will NOT be given a heads-up when this finally does come down.
5) Finally, this article tells me there is a plan between the CBI and the IMF to manage the exchange rate for Iraq, and that how Iraq handles their rate is important to the IMF. So, unlike some, this article gives me confidence, not stress, over my investment.
Go Understanding… Go Another Perspective… Go Iraq… Go Dinar!
Dinar Daddy
--------------------------------------------------------------------------------
A report on Monday by the International Monetary Fund (IMF) suggests that the Iraqi dinar is currently fairly valued at 1170 dinars to the US dollar:
“The CBI [Central Bank of Iraq] will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or under-valuation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation.”
The report continues, “Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly.”
It also allows for the possibility of an upward drift in the value of the dinar over the years:
“Staff supports the CBI’s policy of managing the exchange rate of the Iraqi dinar to keep inflation low. A stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment. Over time, rising oil revenues could put upward pressure on the real exchange rate, which would warrant allowing greater exchange rate flexibility
theiraqidinar.com/category/chats-posts/