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Article quote: “Reconsider the purchasing power to do his Iraqi and make them equal to the rate of purchasing power for the countries adjacent to Iraq…
[DOES THIS MEAN THAT IF KUWAIT’S MONEY IS WORTH 3.40 THAT THE IRAQI’S DINAR NEEDS TO BE THE SAME? OR SAME IN KIND?]
HE IS IDENTIFYING THE VERY POINT OUR MR WHITE IDENTIFIES IN THE LIST OF REGIONAL CURRENCY VALUES OF IRAQ’S NEIGHBORS…AGAINST IRAQ’S VALUE…AND WANT TO INCLUDES THEIR TRADE PARTNERS VALUES AS WELL.
THERE ARE MANY CONTRIBUTING FACTORS…NOT JUST THE CBI THAT PLAY INTO THEIR REAL CURRENCY VALUE INCLUDING CONSIDERATION OF BEING IN PARITY OR BETTER THAN THEIR NEIGHBORS & TRADE PARTNERS.