Frank26
If you come out at $1.30 to 1 that's better than 1 to 1. But if you forget about the concept of a float and come out at a fixed rate...at $3.22...it would be tangible to the other currencies in the Middle East.
But the other currencies want a basket so they can drag the dinar and themselves up past what they are right now, into the $4.00 range...
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[Iraq just got slapped with 30% [tariffs].
You want 60%? Of course not.
So, give the world and the Iraqi citizens the new exchange rate dog gone it.
The whole world knows what the tariffs are for, to adjust your exchange rate.
That's why they're all in line.
The whole world knows everybody knows what Donald Trump is doing.