![]() I am still hearing from my sources in Iraq that they will not do 1 to 1 but if they do the NEER rate it will be $1.60 and float up. Will it go from 1450 to 1200 and floating…or will it be the Nominal Effective Exchange Rate of 1 to 1 or $1.60…. They told us they are going to raise it. The question is how much they are going to raise it and how soon. Still hearing positive things for this upcoming week…Iraq has been very crystal clear…that the value of the dinar will be going up in the near future. The IMF and The UN says it’s now up to Iraq to pull that trigger. We are not going to get that much of a warning. He is right…but it’s my opinion…and the opinion in the Iraq finance ministry that you will see a complete stoppage …but not until moments before…or at the exact moment the RV goes. He did not say what the revalue would be. “ Iraqi premier to raise Iraqi dinar value” The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S.
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