Clare

Clare – Dinar Guru  Article: “Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains”  Quote: “There are calls to float the exchange rate in Iraq…Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority...There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy.”

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