Kaperoni

Kaperoni – Dinar Guru   Iraq will float the dinar allowing market forces to dictate.  As investment comes into Iraq, the exchange rate will rise.  Balassa-Samuelson effect!  I think most of us would be happy if the dinar ever equaled the dollar.  It may, but not overnight.  I want to remind people that the new Iraqi government with PM Mahdi is not official yet.  Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in.  I do not expect any significant reforms to move forward until the government is official.  I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official…as these reviews usually require gov commitments.

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