In Footforward

[Is there any reason the Iraqi dinar went from $3+ in 2004 then declined sharply to 0.0008? How can a currency fall so fast?] That should be 2003 I think. It fell because it was manipulated to go there. That was the program rate. Part of how, in my opinion, we know the dinar isn’t supposed to be worthless.  [so when they RV they would have to go back to at least that rate again right?]  there are two potential outcomes. A reinstatement (RI) which takes it back to the old rate, or an RV, which can take it somewhere below or above the old rate…my opinion is it will RV higher then the old rate.