Mnt Goat

  In Mnt Goat 

Article: “SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR” Quote: “Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar.” The question is this – Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market?  How about incoming investors?  How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?