Kaperoni

There have been many discussions about a float over the years from the CBI, and economic experts in Iraq…Floating the currency is not some arbitrary or random event it precedes pressure created on their financial system otherwise the repercussions could be bad for the country…if significant investment is going to come into Iraq as expected it’s going to create pressure. There has to be a mechanism in place just prior to relieving that pressure. That mechanism is a float. If you do not have a mechanism in place, the monetary stability in the country will be thrown completely out of whack. And the CBI could lose control over the currency as inflation skyrockets as a result…precautions need to be in place and tools are used to maintain the stability.

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