Friday, May 16, 2014

5-16-2014 Newshound Guru Kaperoni

5-16-2014   Newshound Guru Kaperoni   Article:  "In order to revive the Iraqi economy experts: the diversity of the currency basket is the best solution to address the low value of the dinar against other currencies"   People don't understand there is no benefit for Iraq to RV the dinar.  A gradual appreciation from 1166 is very profitable for Iraq as the dinar rises, the CBI buys/sells controlling the pace as a monetary tool receiving commissions just like they do now with the currency auctions. What incentive would the CBI have to RV and pass up that financial opportunity?   None.  [post 1 of 2....stay tuned]