Mike

  In Uncategorized 

If the sovereignty of the dinar is so important, why haven’t they added value to it? Of course the dollar isn’t a benefit to the country, it’s a crutch to limp along with until you fix your own currency.

I can’t even remember how many times the GOI has said they need something (think “security and stability”) to add value to the currency, it’s been one long list of excuses for years now, they’re going to mess around and delay this too long and the reserves will be severely depleted which may give them a legitimate excuse to put a hold on the change.

There’s only so much the IMF can do. For me, the only motivation Iraq has to comply with the IMF is to receive the handout at the end, the IMF has made it clear they won’t help unless Iraq helps themselves. 

Comment