Question for any economists/currency traders/hedge funders out there:
Anyone want to hazard a guess on the true value of the Iraqi Dinar (ID), pro forma for an 80% debt reduction as outlined in the story? Current rate is 1460 ID to 1 USD.
I always appreciate the economic analysis of various topics here on FR, and would love to be able to look back on these guesses years from now and see who was closest to the mark.
This is bogus. This is just stall-for-time PR BS.
They had lots and lots of time already to write-off these debts. It ain't gonna happen (especially the French debt.)