Friday, May 16, 2014

5-16-2014 Newshound Guru Kaperoni

5-16-2014   Newshound Guru Kaperoni   ...IMF Article IV Consultation [does] not mention any adjustment, RV prior to moving to a more flexible exchange rate policy.  It is very clear that the dinar will simply move from the current policy (currency board) to a new Exchange Regime (some kind of float under Article VIII).  This change does not involve a rate change first.  Once they do so, the dinar will begin to rise based on Iraq's economic progress, oil production and effects of supply and demand.  Those expecting an overnight event are mistaken.   [post 2 of 2]