Pimpy Post 1 of 2

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]