Iraqi Dinar RUMOR BOARD

[Aerospace]

What will happen if they don’t lop.
If they don’t go through with the lop plan… they will just wait and do it later. It will eventually lop.
If they don’t lop, expect the exchange rate to get worse… yes WORSE. All these articles that have come out where economist and others are against the lop, they don’t think the economy is ready for it yet. They are against the currency auctions. Iraq has been using tons of dollars to buy back dinars to keep the money supply in check to keep the exchange rate where it is. That has been at the expense of the economy. These people want Iraq to loosen monetary policy… allow banks to lend a lot more money, allow more dinar into the market to spur the economy. They want those dollars to be spent on the economy instead of buying back dinar. That would be good for the economy, but it will cause the dinar to loose value.