Post By Bailey2
[12:49:51 AM] Arthur: (ARTHUR) Someone asked me what do I think about the idea that there is no RV as we think it is and the IQD is just gonna float from 1166.
Although no one can know for sure the way this is gonna start till after the fact, IMO there are several problems with the float from 1166 theory not the least of which is the way I believe they have added their own extra dimension to the "floating regime" articles that isn't there,
but the most glaring discrepancy now is the fact that, he first started theorizing this early in the year back in March and April.
Read More Link On Right
Back then there may have been time for the natural forces of the currency markets to push the dinar to a 1 to 1 by January 2014.
But as you can see we are about to enter the final quarter of 2013 leaving little time for this to happen by the January 2014 date they have specified, and the longer we go, the less credibility this theory maintains.
Kaperoni and others have honed in on few Iraqi articles over the past few months where they mention they will follow a "floating regime" after revaluing the dinar, meaning that the IQD would float according to supply on the world currency markets.
Although these articles do appear to indicate a free float they are taking another jump and saying that the articles are implying that this "floating regime" will start from the 1166 dinars to the USD.
I have looked at the articles in question and am not seeing enough evidence to make that leap mainly because it is totally contradictory to other things they have done and are doing toward preparing for this revaluation.
Why would the Finance Committee be clamoring almost daily for a stronger dinar commensurate with its oil production and exporting capacity, its gold, and its foreign currency reserves if you were just gonna float it from toilet paper?
Why would you need to form a new committee just 72 hours ago to set what they called "the equal price of the dollar to the dinar" if all you were planning to do was float it from where it was?
They could've done that anytime without passing the new RV laws they are about to pass.
AND LOOK AT THIS LATEST ARTICLE:
Finance committee member sighted POSITIVE GROWTH of Iraqi economy through CURRENCY RATE IMPROVEMENT
14 Sep 2013
Haidar Al-Abadi, the Parliamentary Finance Committee stated, “THE COMING WEEKS will see more IMPROVEMENT IN THE VALUE OF THE DINAR AGAINST THE DOLLAR which will enhance the confidence of the world.”
Look at the last sentence. "Which will enhance confidence of the world."
Just opening up the dinar from the worthlessness it is to a floating regime will not "enhance the confidence of the world" and do it "in the coming weeks" as they clearly just announced.
IMO the finance committee who controls the CBI is saying that their economy is about to have POSITIVE GROWTH which could be directly attributed to the improvement in the rate of the Iraqi Dinar which will then, IN THE COMING WEEKS, give the world a new confidence in their economy.
Seems to me they are in effect announcing a full blown RV in the coming weeks.