Iraq is beginning to create the conditions to launch a float of the Iraqi dinar. Large Central Bank Reserves, creating a private sector economy, all are conditions and requirements for the success of floating…one [article] specifically talked about the central bank’s reserves and how they won’t be needed at such a high amount a year or so from now. That’s a clear indication that they’re not planning to do anything monetary policy wise with the dinar for at least another year. I don’t expect a float until 2024 at least…
