_In Christine’s Lagarde’s statement Iraq has low inflation, a strong dinar and macroeconomic growth. The core inflation is at 6.92% with a 5% rise from the same time last year. The M2 growth is at 15.8%, GDP growth at 9.6% and the Iraq Dinar is still at 1170 per million or .00086 per US dollar.
In my opinion these numbers do not look good for the CBI. In order to raise the internal growth of the economy for the Iraqi People, the CBI must RV the money or inflation will continue to rise due to pulling the US dollar out of the market place of Iraq.
The Iraqi People do not have confidence in the Iraq Dinar due to the instability of the dinar over the last decades and the US dollar is scarcer. The CBI and others have been educating the people of Iraq in the use and value of the Iraq dinar for some time now. Let’s hope the Iraqi People take hold of this education, as it is starting to get to the point where they may not have a choice.
Read More Link on Right
In recent articles the GOI has been debating the deletion of the 3 zeros and it looks like they have come to the conclusion that the project will take until 2013 to complete. This does not mean the RV will happen then. This means it will take that long to pull the larger notes out of the market place worldwide..
Intel is coming in from all over the place that this week is our week and as soon as tomorrow. Take this intel with a grain of salt and please do not be upset if the RV does not take place this week. My intel tells me the RV should have already happened, but is still scheduled to happen this year and could even happen on Christmas day, but with caution that it could flow into January of 2012 due to unforeseen events that may take place. No one really knows for sure what date and at what rate the RV will happen and come out at, not even Shabibi as this keeps getting moved out.
Know that your currency exchange investment is safe and know that it is quiet possible the Iraq dinar could come up in value slowly as it gains momentum in the market place, now that the dinar is a tradable currency even in the international markets, but is not widely excepted yet. God Bless. AJ