IMO September is for the next two steps in the process of Monetary Reform which is first redenomination with the introduction of lower denomination notes and the other is the reinstatement, leading to anytime after January 1st, the revaluation through an international float basket based on supply and demand of the international market. IMO the first part will be about $1.30 inside of Iraq. Then outside, we investors that invested in purchasing Iraqi currency will take the $1.30 to the real effective exchanges rate (REER) of $3.22 to about $4.25…We are getting close and closer… Frank26
