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7-14-2014 *Kaperoni

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7-14-2014 *Kaperoni

Unread postby Vixen » Mon Jul 14, 2014 9:45 am

7-14-2014 *Kaperoni ~Article: "The stability of the dinar exchange shares in maintaining the prices of goods" Quote: "The exchange rate of the dinar in 1220 dinars banking offices in the official exchange rate of 1166 dinars and the price is stable, as the increase up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh." Glad to see Saleh confirm the 2% spread. As well, he makes a very solid statement that the Iraqi dinar would be considered a "hard currency" if not for the absence of mechanisms...which to me means open the currency to the world (Article VIII) and a new Exchange Regime (they must get off the peg and on to some sort of float)...only currencies that float are considered "hard currencies". The last few days of CBI news does give me more optimism about the banking system. For sure the CBI is pressing forward to prepare for the day of Article VIII and a new Exchange Regime. We just need the rest to fall into place.
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