[therealbubbie] Shredd how does a country grow the gdp last year to around 13% and still have a rate at 1166 .. and good morining !
[Shredd] well, that is the nature of a managed float it's not reflective of what the rate can and should be
[Shredd] for me bubbs, it's all about timing to CBI
[therealbubbie] Shredd does that mean they can .. not that they will .. keep the rate at 1166 for a long time !
[Shredd] they have to mitigate counterfeiting, ensure banking laws are in place, launch the removal of the large notes, release the mid and (eventually) the smalls, they need to be fully compliant with the IMF....
[Shredd] technically, sure but it's quite obvious they have been building and planning otherwise
[Shredd] for example... if the plan was to stay at 1166 for a while longer, the CBI would be releasing new 000 notes but tons of articles are saying the middle notes
[Shredd] BAM! your honor, I rest my case
[therealbubbie] Shredd ty !!
[Shredd] for me, the part of the current picture that is unknown for how long it will continue... is the usage of the USD but it makes sense we don't know this because knowing the plan around the usage of the USD would tell us the plan of the dinar
[Shredd] denominationally speaking, the Iraqi economy needs reliable and practical currency notes and for now, Iraq continues to be a dual currency country something the IMF wants them to get out of