Pimpy
Article: "A reading in the fiscal and monetary policies of the IMF report - May 2024"
This is not good, mostly because they rely so much on oil revenues and they need to develop the private sector more...Yes Iraq is taking huge leaps and bounds but...there's a lot of things that still have to be done.
Article: "Floating the Iraqi dinar. A solution to fill a 'gap' whose volatile price against the dollar "
If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I'm out of there! Seriously, I will sell my currency...
The cool thing about this is there's no talk about a redenomination. So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate?
...Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it. I wouldn't procrastinate or gamble with it.
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