Kaperoni

Kaperoni – Dinar Guru  Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange.  Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system.  We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy.
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