[What do u think of the bond sales…the 15th was a date to consider because of the bond sales on that date?]
Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD.
A currency only has value when it is compared to another currency.
It is not relevant when comparing to itself.
Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD = $4.00?
What changes inside Iraq with the bonds? Nothing.
Folks, the issue that are solely internal to Iraq has very little to do with what we are waiting on.
The CBI/GOI could sell domestic bonds and receive payment in apples or gold or silver.
That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD.
The bonds have nothing to do with the eventual international exchange rate of the IQD.
BGG Blog
