Pimpy

Pimpy – Dinar Guru   Another one I heard is they cannot become a member of The World Trade Organization unless they change their rate.  That’s false…The World Trade Organization cannot tell another country what type of exchange rate to have Every country is under their own sovereignty…Their central banks decide the exchange rate where it’s going to be free flowing or fixed.  If it’s fixed they determine the rate but if it’s free flowing the market determines the rate of their currency.  So no Iraq does not have to change their exchange rate because the World Trade Organization thinks it’s too low.  That’s false.  Vietnam is a member of the World Trade Organization and their currency is way cheaper than the Iraqi dinar…

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