By John Lee.
On a webinar organised by the Iraq Britain Business Council (IBBC) on Tuesday, Professor Frank Gunter of Lehigh University and Dr Ahmed Tabaqchali of AFC Iraq Fund (and Expert Blogger on Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate.
The event marks the official launch of the IBBC's new white paper on de-dollarisation of Iraqi economy, which can be downloaded here.
To view this interesting discussion please see the video below:
Quite an important and interesting discussion.
I take from it that its unlikely the Dinar will revalue soon, at least to any significant value.
Iraq was stronger then the Dollar,manipulation of sovereign country's currency.What a disgrace to the manipulators.What can you expect of Western capitalist
The thing I'm thinking about is if Iraq is say 96% depending on oil sales to survive, what happens over the next 5 or 10 or even 20 years, as oil is no longer needed to the extent it is today. What happens to their economy, there's just so many unknowns...
Oil is the Main product of Export in Iraq, It got the best Quality of Crude oil, but it surprise me as a Buyer who to pay for this product, is it the Bank in New York, I think there is another country in the world who trade like this is Nigeria all their Transaction for BONNY LIGHT CRUDE OIL IS PAID THROUGH KING DAVID BANK IN NEW YORK, this explain why the Iraqi Dinar is De valued against the Dollar they can print piles of Dinars and keep the value of the dollar stable not flooding the Market. What made Israel so rich now? Do they have Oil to sell?
I Wish they just , get them self togeather. A lot of people are suffering. Do anyone care, how we live or eat.