Mnt Goat
...the reinstatement is a multi-step process. First a new in-country rate of about 1:1, then the swap-out and then a move to FOREX. It is this move to FOREX we want and I cannot also emphasize this enough. There will NEVER be two rates...Once the reinstatement occurs the program rate stuff goes away....Then the CBI will also link to and reference the FOREX rate.
Article Quote: “ Encouraging and dealing with the local currency under the current economic conditions in the country is an important issue, especially with the government’s tendency to “strengthen” the Iraqi dinar against other hard currencies, especially the dollar, as well as seeking to present it first in order to be a “issue of a homeland” in a real way." They are telling us once again they must complete the currency reform first as in integral part of rebuilding...the economy and the country...Their goal is to have the dinar come out higher than the dollar. This is not a fairy tale or rumor. This is FACT...
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