1-28-2014 Newshound Guru Enorrste

1-28-2014   Newshound Guru Enorrste   Report:   "The value of the Iraqi currency and structural economic imbalances"   Iraq has, for 10 years, been in a "fixed rate regime."   Definition of 'Fixed Exchange Rate:  A country's exchange rate regime under which the government or central bank ties the official exchange rate to another country's currency (or the price of gold). The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band. Also known as pegged exchange rate.  The rate has been "fixed" at 1166 dinars per dollar (the "other currency") for many years now.     [post 1 of 3....stay tuned]