Pimpy

Does it benefit Iraq to have a higher exchange rate?  No, not right now.  They have to rebuild.  They have to rebuild their private sectors.  They have to rebuild their public sectors.  They have infrastructure…The cheaper currency gives them an advantage but we also know a cheaper currency affects…poor people and creates more poverty.  As the economy strengthens, the infrastructure strengthens, stability is there..you can see them increasing the value of their currency.