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Mnt Goat: "...reinstate it back on FOREX, put it in a basket of the 5 other currencies and get off the sole peg to the US dollar and then to float it" (Yep! All The Buzz Words! LOL) 7/20/21
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Mnt Goat: "...reinstate it back on FOREX, put it in a basket of the 5 other currencies and get off the sole peg to the US dollar and then to float it" (Yep! All The Buzz Words! LOL) 7/20/21
Mnt Goat
Article: "AL-KAZEMI’S ADVISOR: NOT TO RELY ON OIL PRICES BECAUSE THEY ARE UNSTABLE, TO CHANGE THE DOLLAR EXCHANGE RATE AGAINST THE IRAQI DINAR" What I believe Saleh is saying is that they should take the dinar off the de facto peg to the dollar as it is fixed and dependent on oil prices. We know the only way to do this is to reinstate it back on FOREX, put it in a basket of the 5 other currencies and get off the sole peg to the US dollar and then to float it. This way it will not be so subject to oil prices alone. This should have been done years ago...
Article: "AL-KAZEMI’S ADVISOR: NOT TO RELY ON OIL PRICES BECAUSE THEY ARE UNSTABLE, TO CHANGE THE DOLLAR EXCHANGE RATE AGAINST THE IRAQI DINAR" What I believe Saleh is saying is that they should take the dinar off the de facto peg to the dollar as it is fixed and dependent on oil prices. We know the only way to do this is to reinstate it back on FOREX, put it in a basket of the 5 other currencies and get off the sole peg to the US dollar and then to float it. This way it will not be so subject to oil prices alone. This should have been done years ago...
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