[Iraq boots-on-the-ground report] FIREFLY: Saleh on television…he says the Iraqi dinar will regain its strength and the exchange rate will return to balance sooner or later. FRANK: This is the Finance Minister telling the Iraqi citizens, ‘Hey, the Iraqi dinar will regain its strength‘. So you’re trying to tell us that 1310 is going to be soon removed… 1310 is an imbalanced rate. What is balanced? IMO anything at 1 to 1 and above… FIREFLY: He also said this decision depends on completing the methodology of the financial and banking reforms. FRANK: Consider this the final countdown.
