Q: [What do u think of the bond sales…the 15th was a date to consider because of the bond sales on that date?]
wmawhite : Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD. A currency only has value when it is compared to another currency. It is not relevant when comparing to itself. Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD = $4.00? What changes inside Iraq with the bonds? Nothing.
Folks, the issue that are solely internal to Iraq has very little to do with what we are waiting on.
The CBI/GOI could sell domestic bonds and receive payment in apples or gold or silver. That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD.
The bonds have nothing to do with the eventual international exchange rate of the IQD.
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