[Iraq boots-on-the-ground report] OMAR:
They are talking on television about asking for permission [From US Treasury, Britian and France] to go 1 to 1… FRANK: This is extremely powerful. I apologize that I don’t have an article for you just yet and you may not even get an article, but I think you will…This is huge. This is monstrous…Why would they ask permission to go 1 to 1? Because they’re about to show the new exchange rate and lower notes to the Iraqi citizens and float the damn thing…Once they have permission to be at least 1 to 1 with the dollar, then they will strive to reach the RI of $3.22 and possibly up to $4.25 in the real effective exchange rate of the float in the basket…
