[Iraq boots-on-the-ground report] FIREFLY: Mr Sammy says, for what it is worth, now at this point, it will come out $3.50 to $3.80 and probably be a managed float. Meaning 10% growth daily. Thinking out loud…it won’t go much over four bucks…before settling back just ahead of Kuwait dinar…I could be 100% wrong but I have a gut feeling. FRANK: I think the reason why you have a gut feeling is because you have been allowed to attend some of the meetings that you cannot talk about…Concerning the new exchange rate…it can be anything from $0.50 to a $1.00 or just over a dollar. But I will admit, your…opinion that it may come out at three and above is logical because this is a reinstatement…and it should start where it left off at $3.22.
