Kaperoni

Community Comment: “Hopefully in the next 5 yrs we will see an appreciation of the currency  price, based on the last year of progress.”  I agree!  Iraq has an excellent opportunity now […]

 Much of the float articles that we have seen have concerns about speculators that is because they are referencing dealers speculating within the country.   That will not happen.

All of these changes that they’re talking about pertain to monetary policy. They have nothing to do with the exchange rate. Whether or not the exchange rate goes up or not […]

By the end of the year when the Central Bank of Iraq ends the currency auction, only transfers  amongst established Iraqi banks and regional or International banks will occur.  In […]

The Central Bank of Iraq has already talked about ending the currency auctions by the end of this year.  A float is the replacement for such an event.

Article: “Specialists: Economic integration and job opportunities await development”  Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we’re beginning to see such […]

…No need for any lower denominations at the current time…

[Post 2 of 2]     These comments from the IMF are obviously meant to encourage them that the opportunity is now to develop and accelerate economic growth…as well as to […]

[Post 1 of 2…..]     Article:   “IMF Executive Board Concludes 2024 Article IV Consultation with Iraq”  My preliminary review are the Article IV Consultation clearly emphasizes the urgency to diversify their […]

The current CBI rate of the dinar is 1310.  The market rate is teetering at 1460 which is not within the 2% IMF requirements. In fact, it’s closer to 10%.

It’s important to understand how the currency auctions play into the stability of the dinar  exchange rate.  Not only do the auctions provide a source for dollars to pay for […]

If and when Iraq does decide to float their currency, there will be no RV prior.  When a currency floats, it begins whatever the exchange rate is at the time […]

To date Iraq still has the majority of their working force dependent on the state.   Diversifying their economy, creating a private sector, private businesses, engaging with the world, exporting products […]

It…is preposterous to think that you’re going to walk into a bank and exchange Iraqi dinar for US cash. It is a fact that most Emerging Market countries are very […]

Over the last few weeks Iraq is perpetuating that they are now moving forward with diversifying their economy in opening their financial system to the world. We will have to […]

It is critical to understand that if the Central Bank of Iraq plans to end the auctions by the end of the year there must be a new mechanism in […]

 Question:  “So would the CBI set the initial float rate?“ When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that […]

Article:  “Al-Rayes: The path of development is the first gateway to sustainable economic advancement”  If and when the Iraqi dinar begins to float supply and demand based on Iraq’s economic success […]

For many years now the process for countries is to create the conditions for economic success, then change their monetary policy to allow their currency to float.  Flotation allows a […]

It is highly unlikely that any bank will have anything to do with the dinar for quite some time. Banks are conservative by nature and the dinar could be quite […]

I remind everyone just two weeks ago the Central Bank of Iraq announced that they plan to end the currency auctions by the end of the year. If that is […]

  Article:  “The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an important condition” As I have mentioned numerous times, a float is coming for […]

A country’s currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and […]

Article:  “Government sovereign guarantees to encourage the private sector”  As I have been saying for years, until Iraq passes the needed legislation, nobody will significantly invest in Iraq…

There is no RV and there is no delete three zeros going to occur in the near future.  Only with the success and growth of Iraq’s only economy can the […]

It has been clearly stated that Iraq’s net worth is about 16 trillion dollars including all minerals and oil in the ground. Iraq has over 100 trillion dinar in circulation. There […]

 If Iraq is unable to achieve diversity they will have no alternative but to simply just delete the zeros (LOP) which is a neutral event reducing the currency from around 80 […]

 IMF report:  “Iraq: Staff Concluding Statement of the 2024 IMF Article IV Mission”  Quote: “The authorities should therefore seek to enable private sector development, including…modernization of the financial sector and […]

 If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual […]