LATEST FROM FRANK

 Frank26   

 IMO this is an RI.  They will reinstate that rate.  I thought they would reach it at a cap but now they're talking about coming out right away with a fixed rate and that fixed rate might be $3.22 and then the float.  That float should be very very small, very very quick because IMO it's going to reach the cap, boom! Very quickly.

Question:  "Do you think they're letting the dinar float into its cap before they release the new rate? "

  No.  You have to release the rate first.  Once the rate is released internationally then it can be acquired by the international community.  It'll be used in banks...Once the dinar is out there officially in the international market the friction that the Iraqi dinar is going to cause in the financial market will only cause it to get bigger and bigger and bigger in its value/rate internationally.  Inside Iraq it doesn't affect it - a dinar is a dinar.  The rate inside does not move, only the rate outside.