BGGThe dinar was pegged at par with the British Pound until 1959 when, without changing its value, the peg was switched to the United States dollar at the rate of 1 dinar = 2.8 dollars.
By not following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US $3.3778, before a 5 percent devaluation reduced the value of the dinar to US $3.2169, a rate which remained until the Gulf War, although in late 1989, the black market rate was reported at five to six times higher than the official rate. - The Gulf War ended in 1991. So the $3 rate was "live" until sometime in 1991.
...I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted).
I doubt Trump has much to do with this.
In fact, if he will have anything to do with it - he will obviously want Iraq pulling their own weight and at a real currency rate.
He has plainly said he is not OK with countries operating at artificially low currency rates.
If we haven't learned anything about Trump - we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is "world currency parity" - he's harped and harped and HARPED on this.
There isn't a single authority on the subject who doesn't agree that Iraq's currency value is vastly undervalued. They want this fixed. So relax. This in on the way...
Article: "The battle for Mosul: I have never seen such hard fighting like this" Daesh has lost half the city so far. There is no hope they will regain it.
The UN came out of a security briefing just yesterday with a time-line in their heads... their comment "Daesh's days are numbered"...
They did not say - directly.
I take "numbered" to mean - no so long. ...I don't see Daesh in full retreat (yet) - but there is no doubt they are on the wrong end of things right now.