SWFloridaGuy responds to a comment on a Wednesday post, here is our post:
Comment from Anthony
Hello Anthony, thanks for taking the time to respond. I'm going to have to completely disagree with you but I understand why you are coming to that conclusion. If you look at what the CBI has been saying, the plan has been to bring the IQD somewhere on par with the USD. Delete the zeros in itself does not refer to revaluation and is not what we are hoping for.
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This report mentions going international and that his appointment will produce positive results. So, your argument doesn't hold water in my opinion. Delete the zeros does not specify how they will achieve that level and points to a RD. If they are going to change the peg to a PEP, broad based commodity, float, move forward with a historic revaluation (Romania former record holder at around 40%) etc., is of course 100% classified.
Are you expecting to see an article that lays out the plan for a revaluation? If so, good luck with that. The CBI will NEVER delve into specifics and for good reason. If I were the CBI and I was gearing up for a significant move (especially with all the hype surrounding the IQD), I certainly wouldn't be advertising anything. In fact, I would put out a huge disinformation campaign to discourage speculators.
The point I am trying to make is that if you look at this from a purely economic standpoint and ignore the political bickering, Iraq shows a lot of promise short-term. We will never be able to provide evidence of "the plan," nor should we require that of others.
This is where the speculation comes into play and I certainly don't pretend to have the answers but I am very optimistic about what the future holds as is the IMF, World Bank Report, Oil Report and countless independent studies that show Iraq has many options other than a straight RD. If you wish to debate me on this I would be more than happy to oblige and provide you with the applicable case studies that I am referencing. Thanks Anthony.