Why would Iraq or any other country want to increase their currency value against the highest currencies in the world today? Why not leave it alone? The answer is simple. When a country’s currency value is low against other currencies in the world, people in that country cannot afford certain necessities. When we look at Iraq we see that they have a unique situation because OPEC has always required that oil revenues be paid in U.S. dollars. [Post 1 of 2….stay tuned]
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