Merchants will now be able to use the dinar to pay for foreign currency to buy international products…I would imagine there will be changes to Iraq’s currency that will be reflective of the real value of the IQD…They haven’t been using Iraq dinar at 1310 to purchase other foreign currencies. They’ve never done that before at 1310. Now they’re saying they can do that…1310 exchange rate has never been an international exchange rate…That’s coming from the Central Bank of Iraq so obviously something is happening because they’ve never done it before. I think it’s really good.
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