10-22-2014 *Kaperoni

[Vixen]

10-22-2014 *Kaperoni ~Article: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation" Quote: "that the deletion of zeros from the Iraqi currency will be working by next year," This sentence implies that this is a process rather than an event... Here is the IMF statement on Iraq..."In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”