In Iraq…a dinar is a dinar. Their goal is to be on par with the American dollar. They may un-peg but they want to be on par with it. When the dinar climbs in value either domestically or internationally it’s the same value. A dinar is a dinar. But when the exchange rate increases it increases across the board. A dinar is a dinar. The key is that it gives the Iraqi citizens more purchasing power and that is one of the main priorities of the monetary reform…there’s only one rate.
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