In Pimpy

2014 IQD experienced another devaluation.  This time it was due to the decline in oil prices and conflict with ISIS.  The currency lost about 15% of its value against the USD.  [Later] the CBI implemented a new exchange regime allowing the IQD to float freely against the basket of currencies.  This led to further devaluation of the currency with the IQD losing another 10% of its value against the US dollar and then not even a year later to turn around and…increase the value of the Iraqi dinar exchange rate...So yeah at one time the Iraqi dinar was more valuable than the US dollar.  Do I think it can get there again?  Of course  I believe that absolutely but there are hurdles that Iraq has to get over.  [Post 3 of 3]