FIREFLY: " THEY STRONGLY TALK ABOUT THE CURRENCY FLOTATION AND THE STOP OF THE CURRENCY AUCTIONS" , 23 OCT

 Frank26   

[Iraq boots-on-the-ground report]  

 FIREFLY:Mr Sammy [Iraqi bank manager friend] wants you to know one of the things they strongly talk about is that currency flotation, and stop the currency auctions, it will be a big solution to help end the black market. 

FRANK:  The currency flotation will be big to end the black market because the CBI auctions, let's say that would be to the left, but no more.  That road to the left has been shut down...

So which way can it go? 

 Only to the right. 

 What is to the right?  

An international float.  If it has an international float it's going to go up in value because everybody's going to use it buying, selling, trading with the currency adds value as it goes into the float.