MilitiaMan says - after they change the exchange rate that it will maintain it's position. They are not telling us they intend to go into a market economy with a program rate of 1460.

by **Ponee** Mon Aug 16, 2021 8:37 pm

MilitiaMan

Article: "Parliamentary Finance: Al-Kazemi’s government seeks to enhance the purchasing power of the dinar in the market" Quote: "...the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period..." The currency will maintain is position (value) for the next five years! That means after they change the exchange rate that it will maintain it's position. They are not telling us they intend to go into a market economy with a program rate of 1460. That is not what the WPs [White Papers] are telling us. They are geared to go into a market economy and give purchasing power...they clearly spell it out. imo...They told us they are going to be a direct float or managed, hence, it will not change much over that five year period...imo It is GOLD-N... Oh ya...