Highlights/Thoughts
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1. OANDA has had programmed rate up for 9+ months
2. The reason it changed to float (recently) is because of the recent changes to the SDR basket, which caused changes to the pairings on Forex (a pairing example is USD/IQD)
3. IQD will likely be a managed float (rate can adjust 2.5% per day up or down)
4. IQD will be very volatile when it goes live on Forex
5. Iraq's economy would never withstand the turbulence of a free float
6. IMF and World Bank will control capital inflows to that country for years
7. Managed float is better for them (as opposed to a free float)
8. IMF and World Bank will have intense pressure controlling IQD when it hits Forex
9. Rate will be managed for 90 days
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