[Iraq boots-on-the-ground report] FIREFLY: Economist on television is explaining about how a revaluation works. They’re giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow…It’s being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies. FRANK: If they tell you it’s going to be pegged to a basket of other currencies,…it means we have a new exchange rate because that’s the only reason the other currencies in the basket will play along with it…They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
