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1-13-2016 *Kaperoni

Rumors, Chats & Guru Predictions from other Dinar Sites. IDC does not necessarily agree with, or endorse any of these posts.

1-13-2016 *Kaperoni

Unread postby Vixen » Wed Jan 13, 2016 11:08 am

1-13-2016 *Kaperoni ~Press Release: "IMF Managing Director Approves a Staff-Monitored Program for Iraq" Here is something really key...from a chart on page 32. The CBI was suppose to accept Article VIII in 2012! That was exactly when Shabibi was run off. "October 2012 Article VIII acceptance" Over 3 years behind schedule! Quotes: "19. The government will maintain the Iraqi Dinar’s peg to the U.S. dollar..." "20. ...Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions..." IMO, though #19 says..."maintain the Iraqi dinar’s peg to the U.S. dollar" I do not believe that will be the case once they have moved to Article VIII...since this move will invite investment to Iraq (open the door to the new wild west of investment), it will create inflationary pressure. As a result, the dinar must float to compensate. In any event, once they are in Article VIII, the pressure created on Iraq's economy, will cause the dinar to rise in value (Balassa Samuelson effect)...so we should be very optimistic and excited that Article VIII appears to be coming this year.
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