kaperoni

There’s a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance […]

It is a fact that Iraq could not float the currency under the current economic conditions it  just wouldn’t work.  Especially with close to 90% dependence on oil.

  A very important statement was made back in 2020 by the prime minister’s economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that […]

They…have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float […]

If Iraq is ever going to raise the value of the dinar there are several things that need to occur first of which requires Iraq to diversify their economy away […]

 Floating a national currency is intended …to determine its price in a free market according to the forces of supply and demand.  That is what we are looking for…

Those who are wondering about the dinar market rate in Iraq.  It is currently about 18% over the official CBI rate.  Not acceptable. Until Iraq is in compliance they will […]

There is no overnight RV and The main reason why that could never happen is because the money supply in Iraq is too significant.  There’s close to 90 trillion dinar […]

A significant increase in the value of the dinar at or equal to its face value with 90 trillion dinar in circulation would, in essence, be six times the value […]

If and when the day comes where Iraq begins to diversify their economy, then they can begin to withdraw some of the larger notes from circulation and begin to raise […]

  A lot of people probably don’t realize, but I’ve been in the dinar investment since 2008.  Probably one of the most knowledgeable on the facts, and read most professional documents ever […]

  We found out very quickly many years ago that there would never be an RV of the Iraqi dinar or the term reinstatement.  Those are made up terms and will […]

…The Iraqi dinar being equal to the US dollar. I assure you if they change it to that, it will be a  redenomination LOP.  Which is a neutral event. Not […]

The dinar cannot go up in value until Iraq diversifies and creates significant economic growth.  The current conditions in Iraq will continue to keep the dinar weak…Until they pass laws…there […]

Despite efforts from the CBI to reduce the spread of the market street rate in Iraq, it still remains almost 18% higher… than the official rate from the CBI at […]

Iraq had another meeting with the WTO…pertaining to a full session…Iraq has nothing to export yet so there is no reason to be in the WTO. Develop your economy Iraq!

Community Comment “It’s interesting when u compare Iraq with Jordan’s economy. Pretty similar stats, I’d say Iraq is better with lower unemployment, higher average income. and over 4 times higher […]

Yes Iraq is a fairly wealthy country. In fact, probably the 9th country in the world in terms of natural resources and wealth. But there can never be a significant […]

I often am asked… what is holding Iraq back?  The answer to that is Parliament. Until Iraq passes the needed legislation to develop their economy and encourage foreign investment, the dinar […]

I think it’s important for Iraq to transition to Article VIII because with the help of such a large company  [JP Morgan] I don’t think Iraq will continue to drag […]

  The only way for Iraq to raise the value would be to do so gradually over time based on the success and growth of the economy. Doing so would allow […]

There is a future here that appears to be developing…Maybe we’ll see some success here in the near future and of course with that success will be the opportunity for […]

There is a future here that appears to be developing…Maybe we’ll see some success here in the near future and of course with that success will be the opportunity for […]

The Central Bank announced that approx 90% of the  currency transferred for imports was done electronically at the official rate, which is a good thing as it shows the implementation […]

Question: “What if anything is Iraq doing to reduce the note count…isn’t a reduction of the note count required before a float can occur?”   It’s very difficult for Iraq to […]

 There are many countries around the world with weak currencies, and Iraq’s currency will remain weak until they diversify their economy.

If Iraq wants to do business with the world, they need to get in compliance with IMF regulations, accept Article VIII, pass economic laws  encouraging investment.

Several articles the last few days talking about a unified treasury account in Iraq. We have talked about this for years, as it is necessary for the central bank to […]