Fnu Lnu  [Post 2 of 2]  

I was also told that Iraq would have no need of using the IMF model of baskets of currencies, of which an average is calculated, as that would drag down the IQD and raise up inferior currencies. In other words, a fixed rate, at least during the reconstruction/infrastructure phase. This was 13 years ago and time necessitates changes sometimes. It seems nothing is etched in stone these days but of the many things I was told in the presence of a UST agent and a couple other attorneys, everything they said at that meeting has come true so I’m going to stick with what has been dependable info. I am, however, a little surprised at the flood of info coming forth. I would have thought they would hold their cards a little closer to the vest. With that being said, never rule out the old trick of misdirection