Pimpy Post 2 of 2

A floating exchange rate is a type of exchange rate regime wherein a country’s value is allowed to freely fluctuate according to the Foreign Exchange Market…Iraq is not allowed to play with the big boys – not yet…Until Forex recognizes Iraqi dinar…they’re not going to be a floating exchange rate…a Pegged exchange rate system is a currency system in which governments try to maintain their currency value consistent against a specific currency…The Iraqi dinar is pegged to the US dollar.  So it’s fixed…A dirty float is when…it will freely fluctuate but if it gets out of whack the government interferes…  [Post 2 of 2]