_Some people in the dinarian world are claiming that the IMF is in control of the Iraq RV. I can tell you that this is not true.
The IMF is only an agency in the banking cartel that is there to give advice in the process of a country’s decisions of investment and selling of assets to help their GDPs, which in turn controls the value of a countries currency on the open markets.
Poor in country investing and lending can lead to currency devaluation, such as happen here in America back in 2008 with the housing bubble pop and the current lending situation within America at present, which is very low.
The subsequent out come in America’s currency value was a devastating blow that was getting close to the point of no return at 71.50+/- pips internal value. The point of no return is about .69 that is how close America was! Read the below article, which explains how all this works.
Read More Link On Right
_Each counties Treasuries are in control of the countries value of their currencies. Each country does this by hedging assets and currencies across the global markets, along with private investment doing the same.
When countries in house investments and the failures of those in country investments will cause deficits that are not good for the countries value of their currency, hence the country will see devaluation. America’s deficits are very high right along with the Euro zone.
Since the pullout of American troops from Iraq, America’s internal value of the dollar climbed by 10 cents in the last month, but in the last week the dollar has seen a drop in value by a few cents. In my opinion the so called “lock down” in the UST is being used to foster ways to hedge the easing of this drop in the dollar and get the dollar going the other way.
In other words if the dropping of the dollar value keeps going the way it is, this will cause a major move from the dollar to some other currency like the euro, which is not what America wants to see.
The BIS has seen a global imbalance of G7 to G20 currencies for some period of time and now has demanded a balance of these currencies across the board to see a global kick start of the world economy. The BIS has also seen and demands more regulation in financial regulation. The BIS states:
“Collaboration between financial authorities has never been so testing - and yet never has collaboration been so important. We face key coordination challenges in the area of financial regulation, particularly with respect to the consistency of the calculations of risk-weighted assets, the treatment of sovereign exposures, and liquidity standards.
Yet, the institutional settings for collaboration are actually improving. Given sufficient commitment from the authorities, these new settings and processes will pave the way for enhanced cooperation.”
Full speech found below:
In my opinion the BIS is more of an authority for a counties policy and regulation of a countries investment and currency value than the IMF, but the individual countries are in full control, including Iraq. Iraq’s GOI and CBI are trying to work hand in hand with the value of Iraq’s currency.
The BIS report for the third quarter of 2011 clearly shows there has been a depreciation of most currencies against the USD.
“In the third quarter of 2011, after adjusting for the effects of the depreciation of most currencies against the US dollar, cross-border claims of BIS reporting banks rebounded by 2.0% following a decline of 0.6% in the previous period, and cross-border liabilities increased by 2.8%.
The upsurge in assets was mainly focused on interbank business, which grew by 4.2%, while lending to non-banks contracted by 1.8%. Excepting holdings of securities, which dropped by 3.9%, all other instruments rose on the assets side, and lending in euros increased by 3.8%.
Most of the increase was recorded with developed countries and offshore centres, as activity with emerging economies in aggregate was subdued. Reporting banks' international claims on an immediate borrower basis, adjusted for exchange rate movements, increased in the third quarter of 2011 (by 1.4%) after a moderate slowdown of 0.3% in the previous quarter. Local claims in local currency also rose, by 1.3%.”
If you want to see real intel follow the BIS and not the IMF as like I said, the BIS is more of an authority on the issues of the balancing of the world’s currencies, assets and investments in securities. Also, you can learn much from the UST’s articles posted at:
It has always been my opinion no matter the RV value of Iraq’s currency that the RV will not occur until the global rebalancing is done and the USD is at .86 pips. In my opinion we have a long ways to go and “maybe” even a few years, but it could also happen overnight when the powers that be think it should happen.
I have no idea where these so called intel providers are getting their intel, but I can assure you it is different than mine in watching what the markets are doing. I hope that I am wrong and the RV does happen today or tomorrow, but I have my doubts and big ones at that! Since all trade of oil, especially from Iraq and other places is done in USD. In my opinion in the near future concerning the trade that is being done in gold from certain countries with Iran will lead to more sanctions against these countries involved by the UN. It is my belief that the US will plead this case in the near future with the UN. Watch the news and watch the global markets as they tell the truth.
The value of the IQD being presently at 1179.47 explains this very well. The CBI is still dollarizing Iraq as the article below explains if one can read between the lines.The CBI is still pulling the IQD out of the market place of Iraq, pure and simple! We will not see an RV or an RI until this phase of the currency market in Iraq is done.
http://www.ikhnews.com/news.php?action=view&id=31456 Thanks SilkySand for the article.
I hope this helps and I should hope you as members do not listen to all the hype that is happening every single day by other boards as they have been wrong for too long coming.
God Bless you all,