Jeff

  In Jeff 

What this is is a reinstatement. The phrase “RV”, that phrase “revaluation”, all that was fabricated from this investment.  That phrase never existed. “Rate change” existed but not “revaluation”. This is a reinstatement. That means they have to bring back a former rate. I’ve studied the value of Iraq’s rate through the last 100 years. The low side was about $2.80 and the high side was about $4.20.  The point is they’ve never had a $1.00 rate to reinstate. Iraq ‘s currency devalued at $3.22 in about 2004.