Frank26

Question “Many years ago Dr. Shabibi said the dinar would be able to support it up to $16.  Would that still be true for the RI?”  No, it’s far past that but it would be illogical to come out at $16 or $28 or whatever.  You need that margin for the float.  You don’t need it to show off.  That’s what Kuwait did and they realized their mistake…The next day
they brought it back down very quickly.  It gave a window for sharks and whales…and they made massive amount of money.  Obviously it was done on purpose.  And obviously the IMF doesn’t allow that to happen again.