Pimpy
Article: "As of the beginning of next month, Kurdistan will adopt the Iraqi dinar in crossings and airport transactions" This is what I was talking about - Steps towards straightening the Iraqi dinar...This is a major move. This is awesome. This is great for the Iraqi dinar. This helps strengthen the Iraqi dinar..
In all fairness Iraq has managed to stay out of the crap that's going on over there despite calls by Sadr to get involved...
As I watch the markets and read more and more about what's going on in Iraq it's really starting to look inevitable that Iraq has to do something with the exchange rate. This gap between the parallel market and the fixed market is starting to get really out of control. We know Al-Sudani made an announcement that he was going to take some steps to close this gap.
Now Al-Sudani is coming over here to the White House to speak to Biden....I'm curious to see if the Biden Administration is going to do anything to help Iraq in their situation. He could help flood their country with US dollars and the dollar would lose value and the Iraqi dinar would gain value. Or they could just turn around and increase the exchange rate.
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