Article: “Parliamentary Finance calls to control the rate of the dinar against the dollar”
I will say it again…Balassa-Samuelson effect.
Once they accept Article VIII (they have to stabilize the exchange rate, spread and meet other conditions first), they then will float the dinar to counter inflationary pressure created by the influx of investment and investors.
This will cause the dinar to appreciate in value.
It will not happen overnight, but it will happen gradually.
With the introduction of the 50, 100, 200 planned for early 2017, we can hope that the dinar will be worth .10 cents by then.
