Juan Cole on Iraqi Dinar

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Juan Cole posts some comments on the Iraqi dinar from some readers;

“My comment that I thought Amir Taheri was wrong to praise the stability of the Iraqi dinar, because the dinar is a managed currency and does not float freely, brought a rebuke from someone more knowledgeable about currency issues than I. Collier Lounsbury maintained that the stability was genuine and owing in some part to Iraq's petroleum. (Exporting a pricey primary commodity does wonders to harden your currency). Now I have another reaction from someone who knows something serious about financial matters. Me, I know about ayatollahs. So I'm posting this interesting response for those to whom it may mean something. And also because it supports my deep-seated suspicion that the argument for "good news" on the Iraqi currency front is problematic…”

Related Links:

Iraqi Economy: Setser Replies

Dinar Trading - Odd North American Delusion?

Iraqi Dinar Discussion

1 Comment

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This page contains a single entry by Paul published on May 27, 2006 2:09 AM.

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