Militia Man
Article: "After the success of the recent negotiations in Washington...the Central Bank succeeded...in diversifying the basket of commercial currencies. Indicating this will lead to a significant decrease in the demand for the dollar...
This meeting with...the Central Bank of Iraq...US Federal Reserve and US Treasury, which lasted for 3 days..."
Commercial currencies with the Iraqi dinar. They're not going to do that at 1310...
When things change everybody's going to be ready to do business with Iraq.
One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency.
They're going to try to keep it as stable as they possibly can. Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they've got on their mind.
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