[Iraq boots-on-the-ground report] FIREFLY: TV is talking about a procedure done by the CBI has led to an all-time narrowing of the gap between the parallel market and the official rate… FRANK: It is good to see the CBI bragging about narrowing the gap between the official exchange rate and the market rate. Once it does reach 1 to 1 that will be position for it to be ready to float internationally to reach the REER. The monetary reform is putting everything in position and we can see it and it’s exciting.
