9-17-2014 *Kaperoni

[Vixen]

9-17-2014 *Kaperoni ~[Has anyone written an explanation of how the Dinar could possibly have begun its rise in value back in 2012 when we were all waiting with baited breath for the event? Look at what has and is taking place today! The detail and intricacy that appears to be necessary to get this event off the ground is mind boggling when considered against the conditions within the country and government and Centrall Bank of Iraq back in 2012.] It was a different plan back then. Shabibi clearly was doing what he thought was best for his monetary policy despite the lack of progress in other areas to support it. The plan now is clearly different and has been stated..."a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect," as stated in the IMF Article IV Consultation.