by Vixen » Fri Feb 06, 2015 10:50 am
2-5-2015 *Kaperoni The dinar cannot remain pegged to the dollar if they expect a market economy. The reason is simple, as investment comes into Iraq through the Capital Account, it will create inflationary pressure. The solution to counter this is to allow the dinar to appreciate. ...the central bank should begin the float prior to opening the Capital Account to prevent such inflationary issues...there is no chance for a RV at 1 to 1 or even close with 40+ trillion dinar in circulation... That is almost 4x the worlds money supply. The only way such an event can happen is if the dinar rises gradually from 1166 giving the CBI an opportunity to remove the 3 zero dinar and retire it at its lowest possible value.