NO ONE SHOULD QUESTION THE VALUE OF THE DINAR. But there is a difference between VALUE and RATE. Like our president has said many times that currencies are not fairly given RATES to reflect their VALUE. Either they are overly valued or undervalued and the rates do not reflect the TRUE VALUE. He wants a “level playing field”…For Iraq dinar, what we should question is the RATE as it does not reflect the true VALUE of the dinar. It is being artificially suppressed. They do not need all this economic reforms and so on and so forth. Dr. Shabibi, a financial expert who’s opinion I highly respect, was willing to reinstate the currency way back in 2013…So this entire story line of having to do all these reforms can only help Iraq but totally unnecessary in the larger picture. We wait only because of the political stuff going on right now in the US.
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