They are using the history of the Kuwait revaluation from the 1990’s. They don’t want to repeat a Kuwait syndrome. They don’t want Iraq to make the same mistake and come out like gang busters with a high rate like Kuwait did because it affected Kuwait’s inflationary factors, their GDP, their jobs, let alone the confidence that was being established in their new rate and their banks. Talk about a shock. The release of their exchange rate was too high and it was undisciplined. It was not controlled. It was not managed. [Iraq’s] reinstatement learned from Kuwait’s mistakes…
