Not FREE Floating, PEGGED, DIFF Value In-Country, Part of the SDR
Of Interest as to the claims that ALL currencies FLOAT made by some alleged gurus! Will the IQD change value and have a series of PEGS instead of free floating - possibly. If they did that they would have FAR MORE CONTROL over the value of the IQD.
it lacks a uniform value – its value within China is almost always a bit different from its value to non-nationals – and it is not a free-floating currency; rather, it is pegged in somewhat murky fashion to a basket of other currencies.
When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass! Robert Montgomery Knight - The General
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