9-14-2014 *Kaperoni

[Vixen]

9-14-2014 *Kaperoni ~Article: "Economist: paper ten thousand dinars new regulatory action to prevent fraud" This statement is not good..."the need to head the central bank to restructure the Iraqi currency and delete the zeros commensurate with the value of the dollar and raise the value of the Iraqi currency against the currencies of countries Jawarwalamlat the world." When I read this it implies they want to redenominate (LOP) the notes equal (commensurate) to the dollar, then begin to raise the currency value against other countries. [I have never been able to get my mind wrapped around the whole float theory, and now you come out with this? I have always wondered, in relation to the float from 1166 theory, if the dinar floats from 1166, or 1 cent or 10 cents, what is to stop large wholesale investors, billionaires, and foreign countries from sucking up all the dinar at those low rates and sitting and waiting for it to get up to $3? If that happens, NO one will be selling their dinar, the CBI will not be making money cashing in, the dinar will plummet further, the Iraqi economy will crash, and we will all be screwed. And now you throw this out there - a LOP!] I am hoping they do what we were told they would do...which is a gradual appreciation. It makes more sense and follows economic principles. The good news is we should all know by the end of this year. The recent articles are clear that opening the economy is the #1 priority and that requires opening the banking system and dinar to the world. No other options. I still believe the details provided by the IMF are the most accurate but these articles sometimes throw a curve ball that one cannot help wonder. Remember...hundreds of articles...clearly state they want to raise the value of the dinar. How that is accomplished seems less important.