Next month. Secret procedures for recovery of the dinar against the dollar

5-31-13 Darin: “Next month. Secret procedures for recovery of the dinar against the dollar.”

Seems that it would require doing some work on their back-end. But you can’t really intervene in a free & fair trade. If 1 is selling $1,000 for 1,200,000+ than that is what a person will have to pay.

I would predict the only way to close the gap is to introduce more currency exchange locations that are regulated to only sell dollars to Iraqis at a set rate. That would “close” the gap, but it would also allow for more dumping of dinars.

As dollars would be easier to come by. Which would be the next problem. Unless the economy doesn’t mind that they’re working solely on dollars.

Please provide further discussion how the CBI has control over the people on what they use as a market rate. If an average Iraqi has $1,000 and sells it for 1,200,000 ++, how is the CBI going to intervene to prevent such scenarios from happening?