Walkingstick

What does it mean to float?  …It means the Iraqi dinar de-pegging [from the dollar] and pairing with a bunch of currencies in an international basket from the Middle East…The reason why they’re adding it to a basket is to add value to the currency of Iraq via the international markets…The most important thing here is all of this international movements via this basket are being done with no restrictions…This rate will be determined by the amount of supply and demand of the currency of Iraq in that basket.  You can already see that demand is astronomical with all the contracts that have been signed that want to come into the country of Iraq and invest…Currencies have already been swapped.