Pimpy
Yes, an article came out again about deletion of the zeros... "Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation" I keep telling everybody when they do the deletion of the zeros this is how it's going to work. You got a 25,000 dinar. Right now at the current rate you have .00076. It equals $19. The nominal, which is the [three zero] currency, they will remove the three zeros [25]...and it will take the three zeros off [the rate - .76]...That would be 25 dinar times .76 gives you $19.
Pimpy
I keep telling people, the WTO will talk about the Iraqi exchange rate but not in the sense that they're forcing or telling Iraq they have to change their exchange rate. That's not what they do. They just talk about trade and any hurdles that are between them and trade members. They can point something out, they can make recommendations, but it's not up the WTO when it comes to the exchange rate...I know people are telling you it's going to be on July 18th they're going to change the exchange rate. No they're not.
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