Statement “I don’t think Iraq has what it takes or can add value to its currency.”
Here’s the problem. I said this a million times.
Iraq’s currency does not have a value problem of it going down. Iraq’s currency was artificially directed down.
The question is, how are they getting away with keeping the value down so low?
You had General Petraeous, you had the CBI talking about the process they’re going through and how they are artificially keeping the currency down so they can build their economy and give themselves an advantage.
Why people skip over this I do not understand. They are not like gee…I hope we can add value to it and maybe it will work out. It’s completely opposite.
It should be at a $1.25 minimum right now if they didn’t screw with the note count….It’s never been a question if they can add value to their currency.
