9-23-2014 *Kaperoni

[Vixen]

9-22-2014 *Kaperoni ~Article: "Determined by the value of the dinar monetary policy" Saleh is describing the definition of the Balassa-Samuelson effect. Quote: "Balassa–Samuelson (BS) hypothesis implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates." In other words, the appreciation of the dinar is directly related to the growth (increased productivity) of the economy. Which is what Saleh is stating in this article above. ...we will see the dinar rise as they open the market economy. That is a fact...it simply has to because raising the value of the dinar is a monetary tool for the CBI to control inflation which will occur as a result of massive investment. Once they are ready, and open the Capital Account, move to Article VIII and a new Exchange Regime, the CBI's task will then become one that monitors capital and investment into Iraq. As that occurs, the dinar will rise in value to offset the inflation it creates. The bottom line, is we have to wait for the new GOI to get to that point..and it will still take time..we are talking laws, stability, security so the market economy is a success.

9-23-2014 *Kaperoni ~Article: "Agreement on Ameri to fill the interior" Goes to show how decisions in Iraq can change daily like the wind blowing. Yesterday they stated they would not vote on the two security ministers until after the EID holiday, yet today they say they have made decisions on these positions and will vote before the holiday (end of the month). I guess we wait and see.