[Iraq boots-on-the-ground report] OMAR: This is coming from the CBI…For example, purely hypothetically, if Iraq establishes a rate of 1 IQD = $1 then 1 million IQD would have a gross exchange value of $1 million…CBI says not to listen to rumors…you won’t hear any leaks…Just watch the CBI because there’s a lot of talk about a revaluation and they don’t have any intentions of changing the rate at this time. FRANK: The CBI is being very pointblank…IMO the announcement by the CBI is just simply keeping the speculators away and also preparing the Iraqi citizens for the announcement of a new exchange rate because they say there is no plans to change rate right now…But what about next week? Are you going to change it then? …They’re using well calculated words… Obviously there’s an announcement coming very soon. :Frank26
