Fnu Lnu
Response to Militia Man
The Iraqi Dinar has a REER and that is 1300. This is clearly stated, in black and white, on their last annual financial report .
That has remained unchanged for the last two years. AND...
It's not traded on International trading platforms...period.
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Militia Man
Iraq is under sanctions and is not actively traded globally at any significant means .
But when they are, when they do have a real effective exchange rate, there's going to be an impact to all [their] trading partners...
When Iraq hits the Forex they're going to be monitoring all those [trading] countries to play by the rules with a level playing field...They're going to have to play fair with real fundamentals...
They're not going to want anybody taking advantage of when Iraq has a real effective exchange rate. They want a stable exchange rate.