Frank26 The monetary reform can come back at $3.22 and let it float to the real effective exchange rate…IMO the CBI will float it too somewhere between $3.86 and about $4.25 before they consider to cap it.
Deepwoodz It’s no mystery here. They have no intentions of keeping their current sanctioned rate status. This three zero status was forced on them in 2003 and they don’t like it. There is no national pride, no hope, no real way forward with this current value.
Militia Man Saleh says if you do a float it’s dangerous, it’s going to turn out to be unruly...He also said he’s going to have a mixed or managed float, which is going be stabilizing…They had about 4 articles about that…Why are they saying it and giving one specific option? Because that’s what they’re going to do…All the different ways of doing it were negative but the one [positive one] was a managed float. That’s a mix between a floating currency and a fixed. They manage it and that’s the most stable…
Clare Article “Adjourning the session to elect the Speaker of Parliament until further notice” Quote “It is noteworthy that a quarrel and fistfight occurred between representatives Muthanna Al-Samarrai and Haibat Al-Halbousi inside the House of Representatives hall during the third round of electing the president, creating massive chaos, which prompted the postponement of the decision-making session until further notice.”
Bruce [WiserNow] …we have about 17 – 18 currencies that are going up substantially in value. We know that you know that obviously dinar and Dong – Dong is one of those…
Clare Article: “Floating the Iraqi dinar…a solution to fill the “gap” of its troubled price against the dollar” Quote: “The flotation scenario also means “the withdrawal of the monetary authority as the main central offerer of foreign currency, and its replacement by new forces of free market makers, which certainly have only a weak, limited supply of foreign exchange, according to Saleh.”
Samson Article 1: “Floating the Iraqi dinar…a solution to fill the “gap” of its troubled price against the dollar“ Article 2: “The persistence of the dollar gap disturbs the Sudanese government’s service successes..’Newspaper’ analysis”
Fnu Lnu There is NO NEED for an NDA, whatsoever, unless you were a participant in the Private Placements, which were concluded in 2011. The only people who otherwise hold NDAs are bank presidents, branch managers, and of course any of the three letter agencies necessarily involved, such as the UST…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news has that specialist…talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He’s telling us the best thing for it to do this is to float…Saleh now talking saying the CBI is the only one that can control this needed float. FRANK: They’re going to float your currency because with a float they can come out at a higher rate than 1 to 1…this is a reinstatement of your exchange rate…The fact that they’re talking about floating all day long…is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float…on international platforms
Mnt Goat Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time…The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan… I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty.
MarkZ [via PDK] Question: Do we need to sign an NDA at our exchange? MarkZ: I was told the need for an NDA for currencies is getting slimmer and slimmer…
