Kaperoni

Floating would harm the economy right now…without exports and a private sector, the dinar would devalue. Until they pass laws, create a private sector and invite foreign investment and diversify Iraq will continue to struggle. Only Iraq can change it.  In the meantime, Sudan is preparing to float. Article quotes: “Sudan’s Acting Finance Minister said in an interview this week that the country will make a decision to float its currency when it has sufficient foreign reserves, and that it is also in talks with several parties to obtain loans and grants.”; “We in the government must commit to unifying the exchange rate, and the decision to float the currency will be taken after the provision of foreign reserves in the central bank, along with economic policies that regulate supply and demand,”