No need to get excited over the recent Iraqi Dinar Rate change. Putting inflation into check is more than likely the reason.
The CBI, Central Bank of Iraq, made the recommendation within a week of the CBI chairman being relieved of his duties, and a new CBI Governor was instated. The entire chain of events was planned out and political, starting with the election of the new Iraqi Presiden and Prime Minister.
We are not sure if these political changes are for or against the increase in the value IQD against the USD. As investors, we are in the same position we were in ten years ago. Waiting on Iraq to make a substantial move that will represent a better financial future for the country and a profit for IQD investors.
