[Iraq boots-on-the-ground report] FIREFLY:
The Central Bank of Iraq is rolling out new guidelines aimed at stabilizing the dinar exchange rate. They’re tightening up the rules around the currency auctions and putting some additional checks to ensure the official exchange rate and the street rate stay close together. They’re trying to keep things a little bit more balanced and predictable on the currency front. FRANK: Yeah, you have to do that just before you change the rate. You need a stable platform in order to introduce a new rate.
