Iraqi Dinar Discussion Board

[Rasica]

Massive Buying of $1 to $1.5 Billion USD Dinars from the open market is something you cannot dismiss. Believing in Pump/Dumper about Dinars NOT being taken off the Open Market simply imo defies reality.

Many people have been caught in the pump/dump scheme in the housing market and defied reality imo.

As was shown, Iraq is prospering due to the Global Recession. No wonder big money is moving their revenue to other countries as U.S. Stocks plummet. Iraq is amazingly prospering from this as their currency under 'tight monetary' policy is immune to the recession as it is not tied to their GDP or GNP nor the WTO.

It doesn't take a rocket scientist to realize that the buy-back and contemporaneous valuation of the Dinar are not tied together due to the IMF/Government/CBI mandated 'tight monetary policy'. The Dinar is purposefully undervalued due to the aggressive tight monetary policy until infrastructure gets up and running smoother. They simply do not want to risk the chance of run away inflation like East Germany experienced after the close of their war WWII. So unless the world comes to an end imo, one is buying undervalued Dinars as has been stated by economists and the NYT article speaking of rates..

How many times would you like the New York Times article about the Government of Iraq instructing their CBI to spend $1 to $1.5 Billion USD / Month buying the Dinar off the open market?

Stop repeatedly talking about LOP when it has been shown repeatedly that the 'LEVER' for holding Inflation down post War is the BUY BACK and the 'tight monetary policy'!!

In case new readers need to see the NYT Article again see below:

http://www.nytimes.com/2008/06/21/world/middleeast/21security.html?hp<br>
By STEPHEN FARRELL and RICHARD A. OPPEL Jr.
Published: June 21, 2008
Page 3

........rate might be a good deal higher without the central bank’s aggressive policies. The bank spends $1 billion to $1.5 billion every month in oil revenue to buy Iraqi dinars on the open market, said Mudher M. Salih Kasim, senior adviser to the bank. This is the main lever for controlling consumer prices, said Mr. Kasim...............