Not sure what you're saying. My point is that no matter what Iraq's exchange rate... be it $.0007 or $3.50, they still get the going rate for a barrel of oil... 60 to 70 US dollars.
I agree with you but also agree that the dinar should not only be tied to oil but a combination of oil, the dollar and the euro. This will provide stability instead of using oil prices which are subject to drastic fluctuations. I listened to Deputy Prime Minister of Iraq on C-span yesterday during a Q and A at the Woodrow Wilson Center and some of his answers were along this line regarding not only propping up oil but engaging in increasing manufacutring capabilities in Iraq so as not to put "all eggs in one basket" as he put it.
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