Pimpy

Article:  “Governor of the Central Bank:  We affirm that they have proceeded with the government to enhance confidence in the national currency”  That’s the other issue with Iraq.  They prefer the US dollar per the dinar…You got to get people wanting to use their local currency more than the US dollar.  And you do that by increasing the exchange rate a little more at a time, giving them more purchasing power and devaluing the dollar within Iraq…I think if everything goes smoothly we’re most likely will see another small change in the exchange rate…