[Iraq boots-on-the-ground report] OMAR: The CBI said…1310 is not a feasible rate and they said a change was coming. And they said we have a couple of scenarios. The first one is pegged to a basket and it will have 3 times value of the SDR. The other option would be a reinstatement of $3.22 with a managed float. That could reach, they told us, to $4.25… FRANK: The thing that is so outstanding for me is the fact that this is coming from the CBI, not from some financial expert, not from some Iranian politician, not from Maliki’s people. It’s coming straight from the CBI… The impossible is now becoming possible…These are the final steps in the monetary reform of the dinar we have been waiting for so patiently…
