Question: “When does our real RV nominal rate come out?” This is my take…There will be no float and no IMF basket. Nothing supports this theory. The Dinar will likely come out at a reasonable fixed rate, sovereign currency, standing alone…Iraq is not in a position to bolster all the other inferior currencies nor would they want to. Thus, NO BASKET! The “Project to Delete the Zeros” is nothing more than paper work, accounting, and swapping out currencies and should not be massaged into something larger than it is…A currency does not have to be in a basket to belong to the WTO nor…to be traded on FOREX. The Dinar will be the star of its own show and this came from an International law firm deeply involved in this entire situation…They, like the IMF, do not see any of this transpiring sooner than 1-2 years, possibly longer.
