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Podcast: My FX Buddies
Episode: A fixed or fixed exchange system for the Iraqi dinar
Description: A fixed or fixed exchange system for the Iraqi dinar
link to My FX Buddies Blog
Rentier countries seek to adopt a fixed exchange system (pegged) to a strong foreign currency or several currencies (a basket of currencies) to ensure the stability of foreign transactions, as long as they export one depleted commodity and import many goods and services, and they are called “small open countries.”
Despite the agreement that the floating currency system is considered the best in terms of relative response to the performance of the external economy and t...