[Iraq boots-on-the-ground report] FIREFLY:
Sammy was just here talking about how back when Shabibi was governor of the CBI he said when the inflation was around 2% and the note count was down and when the parallel market is close to 2% that was the excellent time for the rate change to happen. FRANK: I remember that well. FIREFLY: Inflation is at 1.5%. That’s under 2% and we have a ton of folks now on the cards and the electronic system. We have less notes out there. And the parallel market is around 4% to 5%…maybe within 3 weeks that gap will be at 2%. FRANK: I believe we are either at 2% or very close to it…Everything is in perfect condition for the new exchange rate.
