Frank26
Article: "Iraq Discusses Financial and Technical Support with IMF, World Bank" Do you realize who these two powerful entities are? Do you realize what they want? A new exchange rate and nothing else.
Who's forcing this monetary reform to come out/this new exchange rate? The citizens of Iraq? Sudani the prime minister? The US Treasury?
They sure want a windfall don't they for the Federal reserves. The CBI? You and I? The answer is all of the above is forcing it.
That's what's wonderful about it. We are all on the same page. We are all in cahoots. We all agree.
It's going to float. It's just that there's no basket, that's all.
I just don't see that it's going to be in a basket. I think it'll be a fixed rate...What would it be?
Well they want 1 to 1. IMO maybe $1.50 to 1 or $1.30 to 1.
That's a fixed rate. But that fixed rate is going to be put in the international markets - Forex. Because of supply and demand, using, buying and trading with it, the value internationally is going to go up...The CBI seeks what's called a REER, Real Effective Exchange Rate.
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