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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeYesterday at 10:00 pm by Karl4Moriss

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeMon Oct 02, 2023 4:25 pm by Mission1st

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeWed Sep 27, 2023 9:35 am by frieda.ritter

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeThu Aug 24, 2023 3:15 pm by Mission1st

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeTue Aug 22, 2023 1:34 am by hazeljohn

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeWed Aug 02, 2023 7:44 am by Zig

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Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21 I_icon_minitimeThu Jul 27, 2023 11:19 am by Mission1st

Guru Pimpy: "That means the Iraq dinar is not pegged to the US dollar any longer" (Let's Check With The CBI... LOL) 9/1/21

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Post by RamblerNash Thu Sep 02, 2021 12:09 am

Guru Pimpy 

You guys brought to my attention the article in which a Financial Minster of Iraq Allawi says he supports a floating exchange rate which is good...that means the market dictate the value of the Iraqi dinar.  That means the Iraq dinar is not pegged to the US dollar any longer.  Good.  That's what you want.  But it's not a true floating exchange rate.  That's what we call a managed float or a dirty float.  In other words it floats on its own depending on what the market things of it but if it goes too far one way or the other the bank interferes with the rate change and affects it either way - going up or down.
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