Wednesday, May 14, 2025

MarkZ: There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates

 MarkZ  

 [via PDK]  

 Comment:  Rumor is - Iraq is exchanging dollar-for-dollar on the Dinar in country. 

 MarkZ:  There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates. I still believe it's going to be higher – but I love hearing these conversations. But if all I got was a buck rate…I would be happy and gone.

  [via PDK]  Article:  “Swift and the Federal Reserve put Iraq at the mercy of the global economy”  this points out that Iraq is now “International”  

Comment:  International requires an RV

 MarkZ: We are waiting for that announcement

Why Multi-Level Exchange Rates Matter for Iraq

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