Frank26

  In FRANK26 

Article: [Adapt to the exchange rate] Quote: ‘to adopt the method of “flotation” Al-Madar – in the next step, in conjunction with the increase in the central reserves…’  You now understand – Phase One: Solid date 1 to 1 fixed rate.  Phase Two: Bring in enough zeros…and we will give you [CBI] the opportunity to raise the value again. How about $1.19 or $1.46? Outside of the country the same thing is happening. Strengths and stability is being added to your currency…because of the investors…they recognize that Iraq now qualifies for the international rate of their currency. When it enters Phase Three: Maybe 6,7,8 months later as it floats…that’s the next step after we do phase 1 and 2…these phases are upon us.

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