[ Iraq boots-on-the-ground report] FIREFLY: The CBI governor is talking more of this program rate plan and the alert that they put us on. They are telling us this is all part of the restructure of Iraq ‘s banking… FRANK: It’s important for you to understand. They are not trying to stabilize the program rate. They are trying to stabilize the discrepancy between the Iraqi dinar and the American dollar. To close the gap. That is the internal float…This gap is too big right now…They have to narrow it to reach 1 to 1 in order to float internationally…They are moving like a bunch of ants quickly to accomplish their goal.
