GOLDILOCKS
If you remember earlier this year, we talked about the WTO stating that they would be working on exchange rates the second half of this year.
Once Iraq is reinstated into the Global Economy and joins the WTO, this will be a part of the process of developing International exchange rate values to level the playing field between countries.
Now, it makes sense to me why our CBI Banker contact that Dee and I speak to stated that Iraqi Dinar will not float.
It will be a revalued rate.
Iraq's "system paper" or "regulation paper" should go a long way in formulating a price for the WTO to evaluate.
© Goldilocks