Article: “Iraqi dinar NEARS OFFICIAL RATE AS MARKET STABILIZES”. …they are telling us that the decline of the parallel market is not coincidental but a managed series of measures that were taken. They are saying finally, they have control over the dollar… …why did the CBI have to stabilize the dollar parallel market to match the official CBI rate of the dinar in the first place? They need to do it because currently the dinar is solely pegged to the dollar and these two rates must at least match…If a currency is solely pegged to another currency it must be equal to the that currency. The IMF uses this tactic in many other situations to help stabilize a currency… the CBI has been working on [this]for the last 20 years…They have finally accomplished their goal and so now they are VERY CLOSE to being able to move on to the next stage…
