Breitling

Question:  “Don’t shoot the messenger!  This concept is out there often – ‘Iraq is in no position to float the Iraqi dinar because they are 90% dependent on oil and until they pass laws, diversify their economy, the central bank will not float the dinar.  This is going to take months or even years before they’re in a position to begin to raise the value.’  What is wrong about that statement?”  It’s completely backwards because what they need to do if they want to diversify is to add value to the currency…they can’t diversify without a currency…