"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 22 OCT

 Frank26 (KTFA)

The goal is to get to 1 to 1 for what reason?  To add purchasing power.  There is the key, to add purchasing power to the currency of Iraq.  I didn’t say the Iraqi citizens are going to get rich.  I said to add purchasing power to buy good and services with their currency…

FIREFLY: There’s a restaurant coming into Iraq.  It’s called Johnny Rockets. It’s a burger join.

FRANK: I told you the whole world is pouring in…When you stop and think about it, those places that are coming into your country, they’re either stupid or they know exactly what the monetary reform is about to do for them and you Iraqi citizens…

Question:
“Many years ago Dr. Shabibi said the dinar would be able to support it up to $16. Would that still be true for the RI?”

No, it’s far past that but it would be illogical to come out at $16 or $28 or whatever. You need that margin for the float.   You don’t need it to show off.  That’s what Kuwait did and they realized their mistake…The next day they brought it back down very quickly.  It gave a window for sharks and whales…and they made massive amount of money.  Obviously it was done on purpose.  And obviously the IMF doesn’t allow that to happen again.