IRAQ BOOTS ON THE GROUND REPORT BU FIREFLY, 17 AUGUST

 Frank26

   [Iraq boots-on-the-ground report]  

FIREFLY: We see Saleh again on TV.  This is the second time he talks to us now about the float.  He's saying the float can be adventurous.  We intend to have it fixed.  Ours will be fixed or managed float.  That is what's best at this time for Iraq and our currency.  He went and talked about how...we went from 11,000 ATMs to over 55,000...in gas stations alone...

 FRANK:  Ever since the United States Treasury showed up last week they just cannot stop talking to you every day on the television about the success of the monetary reform...new lower notes...the new exchange rate...Now it's gone way deeper into the float.

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Frank26 

 [Iraq boots-on-the-ground report]  

 FIREFLY: Television show...the topic was about dropping the zeros from our currency and the introduction of a new currency and the issues of the implementation of this new currency.   They had on there a doctor of economics.  We don't know him but he is being sent by Sudani...He said...we have low inflation so we can delete the zeros.  They talked about how we will be obtaining purchasing power with this move.  

FRANK:  It's exciting to see the monetary reform education now on a daily basis teaching you on your television what you are about to be given...This is the third week in a row they talk to you about lifting the three zeros and about a new currency coming to you and now on the process of how they're going to implement that new currency to you...They continue to reaffirm purchasing power is coming to your currency...

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 FIREFLY: CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through.  He said there are two types of float.  Free float and managed float.

  FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes.  This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency?  Because they're adding value to it...Be ready at any moment.

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