Frank26
Question: "Do you think they're letting the dinar float into its cap before they release the new rate?"
No. You have to release the rate first. Once the rate is released internationally then it can be acquired by the international community.
It'll be used in banks... Once the dinar is out there officially in the international market the friction that the Iraqi dinar is going to cause in the financial market will only cause it to get bigger and bigger and bigger in its value/rate internationally. Inside Iraq it doesn't affect it - a dinar is a dinar. The rate inside does not move, only the rate outside.
The demand on the dinar is so great right now that I think it demands a reinstatement of $3.22.
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