People are trying to figure out whether the Iraqi dinar is floating, pegged, what are these terms, what does it mean? ..Iraq is a fixed (pegged) currency. It’s not a float. It’s not a dirty float. It’s not floating at all…It’s 1320 dinar for every 1 US dollar. They’re pegged to the U.S. dollar…It’s not floating in country. It’s not floating out of country. There’s no two exchange rates. Let’s go through what these are… [Post 1 of 2….stay tuned]
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