Mnt Goat

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Article: “IS FLOATING THE CURRENCY A VIABLE OPTION? UNDER WHAT CONTEXT?” The context they are talking about is the FLOATING the dinar exchange rate and I quote- “of the national currency against other foreign currencies”, which means to reinstate the dinar on FOREX and other currency exchanges. Right now it is solely pegged to the US dollar so they are not talking about floating the program rate. They know already they can not FLOAT the currency on a program rate inside Iraq.

The dinar, in a way, is indirectly floating now via the speculators and money exchangers and we see the mess it is creating in Iraq. …Yes, Iraq it is time you put on your BIG BOY PANTS and finally emerge to the global economy and get out of your closed economy and re-peg the dinar to other currencies in the basket the IMF has stated many times will happen.

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