7-14-2015 *Kaperoni

[Vixen]

7-14-2015 *Kaperoni ~Article quote: "Mustafa sees that many economists are beginning to call for setting a new rate of the dinar less than the current, Mustafa also demanding to float the exchange rate..." I highly doubt the CBI will reduce the value of the dinar. If we saw a mass dumping of dinar when the market rate dropped last month, how do you think Iraqi's would respond to an "official" devaluation? IMO it would be a nightmare. As for a float, though that is what we expect, the conditions are not right now for that to occur. Again, I think we are in a situation where the CBI is hamstrung and trying to buy time for the laws to be passed, and the security and stability to set in. Once that occurs, investors and capital will begin to come in and the CBI can start to look at monetary changes. Until that happens, we wait.