{"id":19198,"date":"2020-03-14T18:16:56","date_gmt":"2020-03-14T23:16:56","guid":{"rendered":"https:\/\/www.dinarupdates.com\/observer\/?p=19198"},"modified":"2020-03-14T18:16:56","modified_gmt":"2020-03-14T23:16:56","slug":"mountain-goat-374","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=19198","title":{"rendered":"Mountain Goat"},"content":{"rendered":"<p><strong><span style=\"color: #c23b3b;\">Mountain Goat &#8211; Dinar Guru <\/span><\/strong>\u00a0The drama of selecting a new prime minister continues&#8230;The corona virus is not helping either.<strong>\u00a0<u>Just this week an economist came out and said they should put the dinar on a float<\/u>.\u00a0<\/strong>Really?\u00a0<strong>We know this will never happen until they are ready to also raise the rate and get out of these auctions and artificially held down rate.<\/strong>\u00a0&#8230;we have read already many, many articles on the pros and cons of going on a float just inside Iraq.\u00a0<strong>The key is they can not do it \u201cjust inside Iraq\u201d. It can not ever happen since the IQD is on a fixed de-facto peg to the US dollar<\/strong>. &#8230;This info alone should nullify such requests by these economists.\u00a0\u00a0<strong>\u00a0Yes, the CBI has adjusted the exchange rate from time to time for inflation. This is all they are allowed to do<\/strong>. But this is not a \u201cfloat\u201d. A float is based on market demand and floats are on an exchange where investors can come in and buy and sell.<strong>\u00a0<u>This will never happen on the artificial rate and process of the currency auctions window at the bank<\/u>.\u00a0<\/strong>It is all just talk, talk and more BS from people not responsible for the monetary policy of Iraq or who know how to manage monetary policies for countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mountain Goat &#8211; Dinar Guru \u00a0The drama of selecting a new prime minister continues&#8230;The corona virus is not helping either.\u00a0Just this week an economist came out and said they should put the dinar on a float.\u00a0Really?\u00a0We know this will never &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=19198\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-19198","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-4ZE","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/19198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19198"}],"version-history":[{"count":1,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/19198\/revisions"}],"predecessor-version":[{"id":19199,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/19198\/revisions\/19199"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}