ARIEL
@Prolotario1
People it's really this simple. If Iraq original exchange rate in the 80s was 3.00.
And they told their citizens they want to go back to a previous era or prosperity they are obviously not referring to any current exchange rate. This is not something you have to pray, hope, and wish for. You are hearing this from the economists, governors, and finance deputies. They just announced they have completed all requirements to join the WTO.
And an announcement of their accession is imminent. They want to come out strong because they have an entire country to rebuild.
1 dollar is not going to do the trick. 2 dollars will get them by but not enough to transform the country. 3.00 will do the trick. Even of they come out at 2.70 they are 30 cent shy which will move up very quickly to the 3:1 range.