Pimpy
The IQD is not officially trading on the Forex right now because it's part of their punishment, but it's listed there because they had a pairing at one time just like the [Venezuela] Bolivar...Once they've been paired before, even though they're in trouble and they might not be officially trading on the Forex, they're still listed as trading 1 to 1.
That doesn't mean that's what's happening, it's like a placeholder. Think of it as a book-marker. They're not officially trading at 1 to 1...A book-marker, that's all it is...When the time comes and they start trading on the Forex again...they're already set up and can start trading right away. That's the same with all currency exchange websites.
The IMF can't force countries to do a specific exchange rate. They can have input. They can talk to a county about their exchange rate but each country is sovereign. They're independent. No organization, whether it's IMF, World Bank, WTO, can force a country to use a certain exchange rate...
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