Militia Man

Article:  “Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?”  The bottom line is Iraq is going to make an exchange rate change.  They’ve told you about it…A managed float is a mix of a fixed and a float…Are they going to change it to a free float?  Probably not because there’s a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That’s what they’re going to be trying to do…