Article: “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”
Quote: “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”
This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so.
So we continue to wait for Iraq to set the stage for investment.
Pass the needed laws, get the dinar in compliance with the IMF, etc. to move to Article VIII.
Only then will we see the dinar float and rise based on market forces.
I am hopeful that yet this year we can see that happen.
