Kaperoni: I think the CBI is moving in the manor that they can. What does not require coodination and partnership. Then at some point, hopefully when ready, the GOI will come into the plan. In fact, it may be that this will get the RV done and then at some point, the CBI will do the new currency later. Here is my favorite: "The Central Bank began to implement a new strategic equation will come out even where the dinar and the dollar.
The new strategy will work to increase the capacity of the Iraqi dinar as a step in the way of reform of the financial system in Iraq and stimulate the economy, and then proceed with a project to delete the zeros of the exit equation equal to the Iraqi dinar with the dollar and this requires the availability of several factors Kalnhod the agricultural sector, industrial and services sector and investment." Now if you take what I said before and apply it, it makes sense with that quote.
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Kaperoni (continued): The CBI is going to raise the rate and stimulate the economy, which also means investment. Which is really giving the rate to the world and then hope the GOI will help them do the next step, which is the new currency and raise the rate even higher.
So to summerize, not really a change just maybe a differnent approach to the same result. Rather than do it all at once and now, they will do it in phases. Rate first at 1 to 1, then hope they have the investment to do the rest.
Kaperoni (continuted): That serves a lot of purposes and again this is speculation on my part, but doing this stimulates investment and will get them into the WTO, start helping with poverty and tariffs etc. IMO the rate move will happen soon.
The CBI made a great statement yesterday! "This requires us to accelerate the implementation of the project to delete the zeros, before of evil consequences." The reality is if they dont do this soon with all the public announcements, they will continue to have counterfeiting, corruption, speculators, inflation, on and on. So, that is the Evil DONE !!