BobTheTaxMan

IQD Roundup – It was created during the Iraqi war around 2003.  It replace the previous currency that once had a value of $3.75…it’s managed by the Iraqi government and the CBI…under a managed float with little change in value for nearly 2 decades.  The currency value is 1 IQD to…less than a tenth of a penny.  The CBI has often stated their goal is to return to previous levels and stated they could support a $1.17…right now with all these new contractors coming in and the value of oil being what it is I wouldn’t be surprised if it did come out at a much better rate than what we thought…