It is fascinating to see how far Iraq has come in the process of a revaluation, IMV a redenomination, and an application of a real effective exchange rate…Hopefully what we’re going to see is they’ll be doing these things for international Forex markets… Article quote: “This formalization supports the groundwork for potential revaluation or redenomination as a more controlled money supply enhances the CBI’s ability to adjust the currency’s nominal or real value without destabilizing the economy.”
