kaperoni

Only with the success, growth of Iraq’s economy, and an increase in GDP can the dinar go up in value. As stated by the IMF Article IV Consultation from 2013.  […]

Iraq is in a very volatile sensitive time. There is no RV but we do want to see Iraq themselves negotiate their way through this crisis.

Anytime this type of violence occurs in Iraq it is a significant setback to economic development. It’s going to take months maybe even years to get past this nonsense.

Many political blocks are trying to maintain calm in Iraq but it is extremely fragile at this time. There is no talk of any significant change in the dinar value.  […]

Article:  “At least 20 people have been killed in the violence in Baghdad’s Green Zone, medical sources tell Al Jazeera.”  Usually when this type of violence occurs it’s a major […]

Tensions in Iraq are beginning to rise violence is now starting. There’s been some rockets falling on the green zone including near the US Embassy. This is getting out of […]

Iraq needs a new government. They need Parliament to pass economic laws to encourage investment. And they need to diversify their economy and begin to get away from oil dependence.  […]

The central bank has demonstrated its independence confirming it has sole monetary Authority and it is not influenced by political decision-makers.

Advisor to the prime minister Saleh stated today due to the conditions in Iraq they will need double the time that they determined to implement the white paper. Originally it […]

Iraq is in no position to float the Iraqi dinar because they are 90% dependent on oil. Until Iraq passes laws diversifies their economy the central bank will not float […]

The reason the currency auctions in Iraq exist are twofold, one is to supply dollars to pay for imports because most if not all international banks do not accept Iraqi […]

The IMF’s made it clear that they would like Iraq to float the currency and allow the dinar to gradually appreciate over time. This is the best way for the […]

Many people don’t like the fact that I constantly state there is no RV. But that’s the truth, it’s not how monetary policy works…We have to hope that Iraq can […]

The options for the Iraqi dinar are a LOP and a float. The later being the preferred but until the conditions are appropriate where they pass laws, remove corruption and […]

The good news is the Central Bank of Iraq released an article…indicating that there has been some promising success with the economy and the GDP primarily as a result of […]

The minister of finance in Iraq resigned…stating his reasons being the inability of the government to implement economic reforms due to the ongoing political bickering. This nonsense never ends.

The prime minister’s advisor Al-Jubouri had a great comment today on the dinar, basically saying that the government cannot make a random decision that only supply and demand will increase […]

…The IMF Article IV Consultation from 2013…directive was to create a suitable investment environment for allowing the dinar to go up in value gradually over time…Iraq needs to pass laws, […]

There is an article that came out today that says Iraq is not planning to float the currency. This title is misleading…When you read the actual article it says that […]

Nobody knows any procedures until such time the dinar appreciates.  And if the dinar does gradually appreciate based on the economic growth it’s going to take time. [a recent] article […]

…There are two real possibilities for the currency in the future. 1, which is being discussed include educational programs with the citizens is a currency exchange neutral event LOP.  And […]

…deleting 3 zeros.  If they go through with it it is not an RV. They are teaching their citizens about a currency exchange LOP.   Not what we want.

Iraq still has a significant amount of work to be done including formation of the new government, passing over 100 stalled economic laws and implementing all of the stalled reconstruction, […]

As I’ve stated numerous times the IMF has monetary discussions with Iraq every year called Article IV Consultations. The IMF is encouraged Iraq to create the conditions to allow them […]

Article “Protesters in Baghdad took down concrete barricades and moving towards the Green Zone, chanting against the foreign influence on Iraqi politics and calling for dissolution of the parliament.“

The plan from the IMF for the Iraqi dinar was stated in 2013 in the IMF Article IV Consultation. It encouraged Iraq to create the conditions (pass laws, encourage investment, […]