Francis Albert

  In Albert

I saw…a post from IMF wanting a gradual appreciation of the Iraqi Dinar, and thus the poster was dissing the whole idea of some “revaluation”. Is he right or wrong?  Both. What I believe is going to happen is the Dinar will go officially International on FOREX around $1.00 or so and then gradually go up from there. The rise will be contingent on supply and demand of traders betting it is going to go up or down….and the companies that will take Dinar as payment will drive up the value.