2-20-2014 Newshound Guru Adam Montana [After crunching the Currency Auction Data, I come to
the realization that Iraq is running on USD
rather than IQD. We don't seem to be waiting on events such as Erbil, CH7/8 or the 2014
budget but rather Iraq becoming a
International tradable currency. How do you feel about that?] Actually
- my answer is going to explain why I don't pay too much attention to the
auctions. Iraq is not "running
on USD" - they have a currency (IQD) that is pegged to the dollar (USD)
and the purpose of the auctions is merely for the CBI to control the money
supply, inflation, and the value of the dinar. With that said, I do still
believe that the keys to progress here are still the same (such as Erbil, HCL, etc).
