Article: “Prime Minister… inaugurated the implementation of the Toyota Iraq industrial, storage, and service investment project in Baghdad” Please try to grasp the magnitude of this explosive press release. Toyota, a global big hitter, has made this agreement under the current monetary regime showing that a revalued currency is NOT necessary for investment and diversification. This will be huge for Iraq. This is exactly what we want to see. Vietnam makes these types of agreements all the time and they are on FOREX with a 26,395 VND to $1 USD rate. The number of Dinar needed to equal one dollar is of no importance as a very simple automated calculation can be made and everyone is happy. The RV is obviously NOT needed in order for Iraq to diversify and grow the economy.
