The Minister of Planning and Minister of Finance suggested $1.13 to $1.17 with a gradual increase to a 3+ range. …you may be surprised that the natural rate will come out later for the IQD.
I like this 40 cent rate…that would make every 1 million IQD would be equal to $400,000. If they do this, we believe we will not see this…it will be in this 7-10 day time frame. They will introduce the LD’s and coins but after they finish the float that you will not be able to see until the currency is in its NATURAL RATE POSITION…then they will cap it…my teams are saying, in their opinion…the capped rate will be higher than Kuwait.
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