[via Frank26] Bands on the float will keep it at 1 to 1 with the American dollar but when they lift these bands the IQD will float faster and it will gain more than a 1 to 1 with the USD and all the other currencies in the basket. Pairing 1 to 1 at the onset and then as the economy of Iraq improves and grows and the education get stronger and louder and Iraqi citizens get used to using the new currency then everything will be perfect for the Iraqi citizens.
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