MarkZ

[via PDK]   [I saw…that Iraq is going 1 to 1 and redenominate at the same time…and then let it float.]  That would make logistical sense. But as I understand it…the gold treaty needs them to come out at a higher rate. But if Iraq is frustrated on waiting…it makes sense for Iraq to come out at a lower rate and float. If it floats I believe it will float up…their goal was to reach the $4 mark…But, it would be nice to get the new big rate all at once.