Thursday, May 25, 2006

Blogpost on Iraqi Currency

Iraqi Currency
by Juan Cole

"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."

Read the complete article here.


Regards Marcel

3 Comments:

Anonymous Anonymous said...

Dear Marcel,

I like the posts and links you are publishing here about Iraq and the Iraqi Dinar!

Please keep me informed.

Regards Julian

1:43 AM  
Anonymous Anonymous said...

Hello. Nice blog with relevant links. Have you read "The New Iraqi Dinar Investment Guide"? It's an amazing resource that explains detail unimaginable. I know alot about the situation in Iraq as well as the dinar but this book is a must-read for serious investors. Take care. I will be stoping back by to read more of you site. thanks.

1:59 PM  
Anonymous Anonymous said...

Hello. Great site. By the way have you read "The New Iraqi Dinar Investment Guide"? I thought I knew alot about Iraq and the Dinar until i read this book. It's reallt a must-read for serious investors. I bought mine on Amazon. Keep up the good work. I will be back often to read more of your posts!

2:02 PM  

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