Steve

Steve – Dinar Guru  Right now there is a gap of roughly 20% between the actual exchange rate of the Iraqi dinar and what the people are paying for it on the street.  The official exchange rate according to the CBI is about 1310 dinars to $1.  On the secondary market the dinar is trading about 1545 dinars to the US dollar…The last time that happened…the central bank was forced to intervenes and change the rate.  I’m not saying this signals a revaluation tomorrow or this month or anytime soon.  But what this is telling us is Iraq is being forced to make some monetary changes in the near future.

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