Harlequinc3
[Response to Clare Article below]
This guy’s only got 1/2 the picture...
CBI won’t just remove 3 0s without adjusting the nominal exchange rate and then adding purchasing power to the dinar —
a rate change to you and me, we might call it an RV, though their end game is reinstatement...
This guy is just referring to swapping out currency for Iraqis only. He’s not taking into account what happens to the dinar internationally...
To an Iraqi, removing 3 0’s is just taking old dinar out of circulation and replacing it with smaller bills/digital payments.
That’s why this guy is talking about a partial peg. The CBI is talking about a pure float.
He’s only looking at half the process. This article is addressed to Iraqis only. IMO of course.