I can assure you…the Iraqi dinar will remain weak until the day comes where they have begin to build a significant diverse economy. As clearly stated in the IMF Article IV Consultation, the staff encourages Iraq to create the conditions allowing them…to move to a more flexible exchange rate policy, which could allow a predictable and gradual appreciation…In other words, if Iraq can diversify their economy then they can move to a float to allow the currency to rise based on the success and growth of that economy. There is no overnight RV.
