Article quote: “The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq…Foreign currency covers more than 100% of the total currency issued.” Even the trillions, they have enough reserves to do that. In other words if they change the exchange rate to something that’s strong, that reflects the true fundamentals of the country, they shouldn’t have any problem. Their model is stable, secure…very little inflation. They’ve been successful doing this model…
