12-10-2013 Newshound Guru Tlar

12-10-2013   Newshound Guru Tlar     There are rules to this basket.  How much a currency can increase or decrease in value each year is limited to a specific predetermined percentage. The purpose is to stabilize the rates.  Iraq would be stupid to join the GCC in the common currency at these levels locking them in at 1166, to a slow growth from there.  I feel very sure they will not join while their currency rate is this low.  [post 2 of 2]