Iraqi Dinar Discussion Board

[Aerospace]

No lop for now according to U.S. Treasury

http://www.sigir.mil/reports/quarterlyreports/Apr09/pdf/Report_-_April_2009.pdf
Macroeconomic Trends
As of April 2, 2009, the Iraqi dinar (ID) exchange
rate was 1,170 ID to one U.S. dollar (USD)—a
2.7% appreciation from April 2008, when the dinar
was valued at 1,203 ID per USD. In addition,
core inflation has stabilized to near 0%.447 Dinar
appreciation has strengthened purchasing power
in Iraq and contributed to declining inflation,
providing a more stable environment for privatesector
growth.448
In the past, Iraq had considered rebasing the
Iraqi dinar to bring its base value closer to that
of one USD. However, recent data indicates that
the venture would prove too costly to make
rebasing worthwhile, and the U.S. Treasury
reports that there are currently no specific plans
to rebase the dinar