Iraqi Dinar Discussion Board

[Sunnybank]

Accurate or BS? Allaq is CBI head, no?

3-15-2015 Newshound Guru Kaperoni Article quote: "The basic choice that a government faces with its policy toward the exchange rate itself is between an exchange rate that is floating and one that is set or fixed by the government. In the polar case of a clean float the government permits private market demand and supply to set the exchange rate with no direct involvement by government officials. In a managed float or dirty float the government officials do intervene at times to try to influence the exchange rate, which otherwise is driven by private demand and supply." This is a very important statement..."through the mechanisms already put in order not to influence the market." This is confirming they are going to float the dinar and let the natural effects of the float (supply and demand) set the rate of the dinar. And more importantly, it confirms it will be a free float that the CBI will not intervene to try and influence the rate. This statement by Allaq is very clear and the only one that fits that criteria (two years without influence). [post 1 of 2....stay tuned]

3-15-2015 Newshound Guru Kaperoni The question is when will they start? Ali al-Allaq wants his float to succeed. His window is over the next two years he wants to delete the zeros ( 1 to 1 exchange rate). So it is very important that the economic laws are in place so investor confidence occurs. When you have investors, you have an influx of capital. The result will cause the dinar to rise. I see this starting as soon as the laws are passed to support this investment process. [post 2 of 2]

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