Article: “Iraq Finance Minister ‘Supports Floating Exchange Rate’ for dinar” Several years ago this article was put out…If this doesn’t confirm I know what I’m talking about nothing will. There is no RV…There’s been article after article about diversifying their economy, and more recently a complete overhaul of the banking system…Floating the currency would never be successful without a diverse economy. Floating with total dependence on oil is never a good idea and causes economic risks and volatility. Most recently, we now see Iraq wants to diversify as much as 46% of their economy away from oil.
