[Iraq boots-on-the-ground report] FIREFLY:
Deputy Governor of the Central Bank Khalaf…confirmed there is no intention to float the Iraqi dinar exchange rate… FRANK: If there’s no float then you’re not coming out at $1.00 because you don’t want to be paired to the dollar. You’re not going to come at $1.15 or whatever just over the dollar. If you’re not floating then that means you don’t have a need to have a vehicle to take you to $3.22. You’re just going to come out at $3.22 as an RI and then RV it without the float…
