Iraqi Dinar Revaluation 2013

IMF Suggests Stable Iraqi Dinar
30 March 2011

IMF, International Monetary Fund, IQD, iraqi dinar, Redenomination, revaluation

A report on Monday by the International Monetary Fund (IMF) suggests that the Iraqi dinar is currently fairly valued at 1170 dinars to the US dollar:

“The CBI [Central Bank of Iraq] will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or under-valuation of the Iraqi dinar. Also, a stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment and in an economy with a very low level of financial intermediation.”

The report continues, “Meanwhile, the CBI will continue to keep its policy interest rate positive in real terms. To enhance mobilization of domestic financing, limitations on state-owned banks’ use of government deposits for investing in Treasury bills have been reduced, while the pension fund has also been allowed to invest in Treasury bills and to participate in auctions directly.”

It also allows for the possibility of an upward drift in the value of the dinar over the years:

“Staff supports the CBI’s policy of managing the exchange rate of the Iraqi dinar to keep inflation low. A stable exchange rate continues to provide a solid anchor for the public’s expectations in an otherwise highly uncertain environment. Over time, rising oil revenues could put upward pressure on the real exchange rate, which would warrant allowing greater exchange rate flexibility.”

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" Our lives are defined by the thoughts we think and the choices we make."

This article screams of "slow growth" for the IQD.

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I don't need money and could totally do without it. I wish more people viewed money and wealth as I do. Unfortunately, all those people I owe just seem to think they have to have it.

I keep coming back to this article. It says that the IQD is not significanlty over or undervalued....... With that being said, how can people keep insisting that it will RV any minute and at a rate of $3.22 or higher? I just don't get it.

Thats one of the number one reasons why this website is here, to many keep pumping the overnight RV.

As for the reasoning behind it? I really have not been able to figure that out in over 3 years myself.

Welcome to the site, I hope you like the straight shooters here!

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Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have.
Ronald Reagan

Rob AKA Grumpy



You can always skype me ... skype name is "Grumpysmyname "

Iraq: Letter of Intent (LOI) sent to the IMF by the Authorities of Iraq
April 12th, 2011

Letter of Intent sent to the IMF by the authorities of Iraq*
Memorandum of Economic and Financial Policies by the authorities of Iraq*
Technical Memorandum of Understanding*

http://www.imf.org/external/pubs/ft/scr/2011/cr1175.pdf

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" Our lives are defined by the thoughts we think and the choices we make."