Frank26

[Iraq boots-on-the-ground report]   OMAR:  The CBI put this out on the television.  This is absolute…The Central Bank of Iraq is rolling out a new currency mechanism by the end of this month.  They’re tightening up the circulation of the dinar, cutting it down by about 5.5% this last quarter to make things a bit more sturdier.  It’s all part of the bigger plan to stabilize the currency.  They’re not messing with the exchange rate itself.  They’re pushing for a more digital approach…more international… FRANK:   Yes, the monetary mechanism is streamlining everything that is required for a new exchange rate.