[Iraq boots-on-the-ground report] FIREFLY:
The CBI governor Alaq speaking today to the investment forum...Iraq has no intentions to change our exchange rate at this time. He went on to say later in the morning we are not considering any adjustments to the rate…He comes back out and says we have the lowest inflation rate ever and have very comfortable foreign reserves capable of stabilizing our exchange rate. FRANK: It caused a little panic…but there’s no reason for it. None whatsoever… He can’t say anything because it’s against the law. It’s illegal according to international law…Of course he’s going to do the same thing Kuwait did, China did.
