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Auction Central Bank monetary policy threatens to collapse

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Bondlady

Bondlady
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awsome article tom and ty so much...happy new year Smile

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tlm724

tlm724
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the collapse of the Iraqi monetary policy in light of the continued dollar selling in the auction of the Central Bank

[tlm724] the continuation of these auctions will destroy the whole monetary policy of Iraq ! It goes against everything they aim to achieve !

"the financial policy of Iraq at a critical juncture in the light of the growing phenomenon of selling the dollar at the central bank auction to sell the currency,"

[tlm724] this critical juncture the author refers to means that corrective action MUST be applied NOW to stop the train wreck to their currency reform ! There is only one way to this,dedollarize , they must stop the auctions and introduce the lower denoms which coincides with an increase in the value, period !

[tlm724] It would not surprise me to see the auction's stop within the next few weeks IMO because if they don't stop Iraq's monetary policy and all the wealth that comes with it will collapse ! I don't believe for one minute that the International powers working hand and hand with Iraq will allow that to happen just sayin... the dinar must be recognized and accepted throughout the world


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Shredd

Shredd
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Iraq has been living out what a dual currency state brings....it's been a bridge for Iraq as they have been rebuilding but they are on the other side of the chasm now. No bridge is needed anymore! Holding onto the dollar will delay what is planned for the dinar.


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