Author Topic: 7-21-2016 Newshound Guru Adam Montana  (Read 417 times)

Offline beach7

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7-21-2016 Newshound Guru Adam Montana
« on: July 21, 2016, 08:08:55 AM »
 7-21-2016   Newshound Guru Adam Montana   As of today, we do not have an RV.  I believe that's because we don't have an HCL, but this isn't an entirely bad thing. I say that specifically because there is no reason to believe the HCL will not go through... it's just not happening as fast as we want. Since we can't control the HCL, or the rate of the IQD for that matter, let's focus for a minute on something that we CAN explain... "Who, or what, exactly, controls the rate of the IQD?"   In the past, there have been a lot of questions about who controls the rate, what entities can influence an RV, does X or Y or Z have to approve, and so on. Let's break this down, and we will all walk away better educated! When it comes time to RV, Iraq itself isn't even the controlling factor. Parliament is not the controlling factor. Abadi is not the one that will "push the button", nor will Shabibi or the IMF. In fact...an article earlier...shows exactly how little the IMF has to do with anything... they are more and more becoming a useless organization with no more actual influence over the rate of the dinar than the UN has over North Korea. The controlling entity is, and always will be, the CBI - Central Bank of Iraq. And the reason why is extremely simple - because THEY are the ones that regulate and operate the auctions, which is where the rate is set.  That's it. End of story.