Frank26

[Iraq boots-on-the-ground TV report] FIREFLY: The CBI is back on TV…saying Iraq has unprecedented growth in foreign reserves…we’re hearing that the rate will change when the budget is opened up and it will go back to the previous rate…it sounds like the previous rate of 1190 or so.  It doesn’t sound like the previous rate way back in 2003.  Maybe it will go back to the previous rate of last December the 20th…and then it will float.  It’s just very confusing…the exchange rate will change to the previous rate.  But which one?   FRANK:  I’ll admit it’s a bit confusing and that’s a good question but when you see the size of the budget I really doubt that a program rate will make it work…your budget is historically huge…