People ask me all the time…

“why is it that a float is the only solution for Iraq?” Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. …a mythical RV or RI…Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange…Monetary policy is pretty well documented for emerging market economies.

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