Paulette

Many feel that if Iraq changes the rate, they will have tons of money just as they that hold IQD hopefully will.  The difference between “dinar holders” and the government of Iraq is that we hold IQD and they hold USD.  Where I think Iraq sees a windfall is if they pass the budget after the CBI ‘reveals” the RD/RV to the world and thereafter RI’s.  For example, if the CBI changes the rate to 1.30…and then the COM and Parliament pass the change to the budget tables, a 130 billion USD value budget will be 100 billion IQD.  If they then RI after to 2.60USD, that same 100 billion IQD will have the purchasing power of 260 billion USD…deficit solved…