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We can only hope that they are trying to shake speculators off. Last summer they tried the zero lop tactic that went down like a mosquito down a mans shorts. And it could get worse, lots of misinfo, bad news, oil summit delayed etc. I guess they still want the IMF to oversee proceedings and will continue to not touch any of the loan. Also may have something to do with the Paris Club and debt relief. The IMF will oversee that Iraq make good on their promises......
Fortunately for us they can and will revalue when they are ready. September? No way.
The Chinese government made it clear 2 years ago about the Yuan in that they would not float it. There were articles, stories etc on what they stated. 2 days later the MoF was told by the CBC governor they were going to float and that was that, done overnight unexpectedly......
I'm sure the same scenario is happening and will continue to happen with Iraq. until they finally revalue.
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13-03-2007, 09:32 PM #11Senior Investor
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Last edited by Adster; 13-03-2007 at 09:57 PM.
Zubaidi:Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states.
Shabibi:The bank wants as a means to affect the economic and monetary policy by making the dinar a valuable and powerful.
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