The Central Bank of Iraq says $1 is worth 1520 dinars. But that number is a total fantasy on the streets of Iraq. The price is closer to 1700. So what is the real price and what is the government hiding from us behind the scenes? …Keeping the parallel market and the official rate closely related is as simple as aligning a mega-ton ship with the peer. It takes practice. That doesn’t happen overnight…Sooner or later Iraq will need to stand up without using the US dollar as a crutch. As investors we will be there waiting. Sandy Ingram
