by Vixen » Sat Jul 12, 2014 10:42 am
7-12-2014 *Kaperoni ~"Indicators on the seriousness of the Iraqi dinar because of the security crisis and the government strongly reassure reservists" The dinar is in trouble. We have watched the CBI try to meet IMF requirements since last fall and had only minimal success. Even this article states..."..the recovery of the Iraqi dinar has been very slow,.." meaning Turki has not been able to bring the Market Rate down where it should be (within 2%). Printing new notes should help with confidence in the currency, but IMO they need to stop the violence soon or more and more merchants will go to the dollar forcing citizens to get dollars.