[Realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the dollar? Even with it pegged versus a basket of currencies?]
That’s a tough question…
We all know that in order for a currency to have real value you need stability, security and a half way decent economy.
Iraq doesn’t have very much of either right now.
The next step would be to compare rates for those in the region and other oil producing countries, who’s currencies have lost value because of the price of oil.
At this point, I couldn’t even guess what a “correction” to the dinar might be.
[What we do know is a correction to the dinar sure ain’t 1182.]
Agreed.
