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[I am in great hope that they (Iraq CBI) will be able to maintain and/or achieve the 2% compliance ratio for market rate of the dinar for at least 90 days...]

AGREED…REMEMBER THAT AS PART OF THE IMF MONETARY REFORM PROTOCOLS, IF THEY CAN MAINTAIN THIS FOR 90 DAYS, THIS TIME FRAME MAY BE CONSIDERED BY THE IMF AS A PERIOD IN TIME IN WHICH THEY MAY “FREEZE” THE CURRENCY AUCTION RESULTS PROVING 2% COMPLIANCE…

AND THE IMF GUIDELINES/REGS STATE THAT THEY MAY CHOOSE TO ENACT MONETARY REFORM, INCLUDING AN EXCHANGE RATE FROM WITHIN THIS THREE MONTH PERIOD, BACK TO THE YEAR OF ITS OCCURRENCE.

SO I WOULD HOPE THAT THEY CAN HOLD THIS INTO MARCH 2016 -AND THEN THE IMF MAY SELECT THEIR FROZEN POINT IN TIME TO THE BEGINNING OF 2016.

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