"Q&A portion of Al-Sudani interview" BY MILITIAMAN, 22 APRIL

Militia Man 

 [Q&A portion of Al-Sudani interview]

Question:  "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?"  

Al-Sudani's answer:  "This policy is dictated by the central bank and the government abide by what the bank decides.  I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties...This is going to raise the level or value of the Iraqi dinar.  There is policy that is consistent policy that the central bank is using... "

 MILITIA MAN:  Deletion of the zeros project, is that what they're talking about?  If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate.  You don't just LOP three zeros off a currency and say, 'Snip! Go use this'.  It doesn't work that way.  

They have to raise the value...We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them.  Basically what is he saying?  They're going to raise the level of the value of the Iraqi dinar.  That's really powerful...