Excellent interview tonight posted with the deputy governor of the central bank on Iraq…Ihsan Shamran. He mentions the money printed in Iraq now is 83 trillion dinar. Clearly, one who is reasonable understands there can never be a RV with that much dinar in circulation…Exchange rates are tools used by central banks to counter economic issues such as inflation, economic growth etc. Therefore, any change in the exchange rate would be gradual as the economy grows.
