Kaperoni

There is no new exchange rate. At least not for the time being.  What Iraq is trying to do now is provide stability with the exchange rate.  Until Iraq diversifies […]

Over the last week or so there’s been a lot of discussion with Iraq completing the documentation for accession to the WTO.

What law needs to be passed now?  It’s not what law,  it’s laws. They’re over 100 outstanding laws in Iraq that need to be passed to encourage investment in Iraq. […]

I can assure you…the Iraqi dinar will remain weak until the day comes where they have begin to build a significant diverse economy. As clearly stated in the IMF Article […]

Iraq is beginning to create the conditions to launch a float of the Iraqi dinar. Large Central Bank Reserves, creating a private sector economy, all are conditions and requirements for […]

Launching a float is not a simple event it’s based on the economic growth and laws that are in place. Until Iraq creates the conditions, there will be no float.

Question:  “Iraq has 80 trillion dinars idle….Just a question….how can it Reinstate at 1-1 with all of that?  That is a huge load of them isnt it?”  …The latest articles […]

A float is what’s going to happen with the Iraqi dinar but it cannot happen until Iraq creates a private sector to diversify away from oil.  It’s going to take […]

Question: “Can you explain why Libya has the same kind of economy as Iraq and an even less structured government and their Dinar is worth 17 cents to the dollar.”  […]

The key for Iraq is for them to build a strong diverse economy. In order for them to do that they need outside financial assistance from the world meaning they […]

Frank26 says Iraq is going to remove the three zeros off the 1000, 5000, 10,000, 20,000, and 25,000. Does he not understand that is a neutral event/LOP? …Guru Mtn Goat […]

Frank26 says Iraq is going to remove the three zeros off the 1000, 5000, 10,000, 20,000, and 25,000. Does he not understand that is a neutral event/LOP? …Guru Mtn Goat […]

[Guru] Frank 26 says they are removing the dollars from Iraq…That’s not possible because that is counterproductive to the daily currency auctions which are used to stabilize the exchange rate. […]

Iraqi economist Sumaisem stated…that Iraq can cannot return the dinar to its previous (1170) for 5 years because it’s bound to the white paper…and this is an obligation for the […]

A clear statement from the Central Bank of Iraq tonight stating it is their responsibility to stimulate the economy according to tools of monetary policy. This cannot be achieved without […]

The dinar has no restrictions. The banking system remains under IMF Article XIV…Iraq still needs to meet some compliance issues and receive approval from the IMF in order to move […]

[via PDK]   We are expecting our taxes to be paid under a treaty…but all bets are off if Iraq does a float.  We still expect no taxes on your transaction […]

They’re talking about increasing the dollar sales through the auction which will raise the value of the dinar back to what it was a year ago. Around 1170 to $1.

Guru Frank26 says once you see Iraq pass the hydrocarbon law (HCL) you’ll see a new exchange rate…He is wrong…The HCL significantly help investment, but there will be no change […]

I have stated numerous times the auctions are twofold, the first is to provide dollars to pay for imports for the country, and the second being to control the exchange […]

Guru Sandy Ingram claims Iraq is collecting dinar at auction and reducing the money supply making it scarce…Iraq is not reducing the money supply…The auctions serve a very important role […]

…This [auction] action by the CBI will not only help the citizens but it will help them with the IMF to meet compliance. Further liberalization also helps encourage investment in […]

…The Central Bank announced they’re going to liberalize the foreign exchange.  Meaning they’re going to spend more dollars in the auction. This of course has impact on the dinar exchange […]

People always wonder why Iraq can’t significantly RV the Iraqi dinar and often compare it to other Middle East countries. The difference is Iraq has over 83 trillion dinar in […]

Parliament will complete the cabinet this weekend and then they can RV the dinar. Not going to happen. Not how monetary policy works.

Like every year, Iraq’s budgets are created in dollars, then converted to dinar at whatever the exchange rate is. There is no significant RV of the Iraqi dinar…