Mailman17

AHHHH…THE NEVER-ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS.

THAT’S NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST.  IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO.