We all know for a fact the dinar can sustain up to $16 when pegged out of the de- facto peg and to the basket of global currencies and reinstated on the open global markets. So…what is going on here? I do not yet have all the FACTS yet but I will tell you one thing for sure. I know they must reduce their debt and the salary payments… If they were to revalue today it could actually quadruple the debt. So they must first pay it off or find a way to lower it using the new revalued rate not the devalued rate…Why would the IMF announce a huge loan to Iraq if they knew they were in a crisis and could not pay it back?
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