Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Mr Sammy said Sudani in his speech to the Iraqi citizens said very clearly, our national resources will rise in value...That's basically talking about the dinar...If it rises in value it's because the exchange rate gave it that rise in value. And remember they talked about returning to former rate of $3.22 back in the day and that was based off just the oil revenue.
FRANK: They can come out at 1 to 1 but that would be rather cowardly. Why would you want to be 1 to 1 with the American dollar and be dragged down? This is a reinstatement of your currency. Put it back at $3.22 ad let it float. When it gets to $4 something, cap it. This is a reinstatement...