Post From Intel4u By Bailey2 Today, 01:15 PM
[Enorrste] Report: "The value of the Iraqi currency and structural economic imbalances"
Iraq has, for 10 years, been in a "fixed rate regime."
Definition of 'Fixed Exchange Rate: A country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency (or the price of gold).
The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band. Also known as pegged exchange rate. The rate has been "fixed" at 1166 dinars per dollar (the "other currency") for many years now
Read More Link On Right
Definition of Floating Exchange Rate: A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.
Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a "fixed exchange rate" regime.
What is most encouraging about this article, to me, is that it clearly states that the plan is in process...that the plan includes a move from a fixed rate regime to a flexible rate regime (i.e., no RV), and that there do not seem to be too many hurdles left to jump over prior to the "release date.".
. You can find the full report here: LINK