Samson “Jordan considers Iraq one of its ‘most important’ key partners in the investment field”
Frank26 It’s no secret that they’re raising the value of their currency. It’s no secret they’re going to float their currency to reach a real effective exchange rate. It’s no secret a new category of lower notes are coming out. It’s no secrete the monetary reform has been successful and everyone is pouring into this country because of that and therefor the economic reform is about to explode.
Kaperoni There is no RV. Iraq could never afford any significant increase in the dinar. And delete three zeros is a neutral event. No gain on the currency value. We hope this does not occur. The only way the dinar will ever go up in value is a float based on the economic success and growth of their own economy.
Jeff The central bank announced their 3rd strategic plan…They’ll be increasing gold reserves…they also said they’re going to offer new issues of high quality currency and reduce the deficit…
Nader Last week…I said Iraq government start a new white paper, it’s all about the currency. From here to the 8th of July we should have an answer. What they going to do – Are they going to change the exchange rate or not? That’s what I said exactly. They’re working on it. I know they created a white paper on that. The CBI… government of Iraq, the reserve and the IMF are all working on the same page on those white papers. I don’t know if it’s going to change or not…
Militia Man Article quote: “…this year will witness a significant and tangible change for the citizens.” 1310, if going into the future, is not…a significant tangible change…We already know Alaq said he was going to have to delete the zeros. We know al-Sudani said the dinar is going to be stronger than the dollar…
MarkZ [via PDK] “After returning it for the purpose of auditing –The Iraqi Gazette addressed parliament to send budget tables” So they are expected to release it to the papers this week …There are a lot of people who believe we will see a rate when they do that. I do have a couple contacts in Iraq that believe we will see it then…They expect it to be published Saturday in the Gazette…I hope they are accurate.
Samson Article: “Parliamentary Committee: The investment law will see the light soon”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament is saying we’re going to pass the investment law. You’re going to see it very soon…
Mnt Goat If you step outside of Iraq, when they finally do reinstate the dinar, the exchange of the three zero notes…will exchange to whatever the currency exchanges i.e. FOREX rate is at the time.
Kaperoni Monetary policy in any country is never a random act or arbitrary decision. It’s the result of progress. Until Iraq passes the needed legislation to encourage investment, the dinar will continue to remain weak.
