Frank26
Once they remove these 3 zeros from the exchange rate...it's going to gain in the new value. But that's not where they wanted at the RI. They will float it and they will re-denominate and then it will hit an RV as it floats from an RI back to the RV.
There will be an increase in the Iraqi dinar but it won't effect you [Iraqi citizens]..
Do they need to have value to their currency in order to join the WTO?
No. That's coming...I don't care if they going into the WTO now, tomorrow, next week, whenever. They're probably moving it to the beginning of next year. It's not important. But the evidence of being in the WTO screams what? Monetary reform float.
The Iraqi dinar first will come out as a reinstatement instantly and work itself back up to an RV..
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