Pimpy

Yes, I hear there’s still more chitter-chatter about the exchange rate and yes there’s a lot of misinformation still going on out there about the Iraqi dinar…the full exchange rate being reinstated – that’s not the case.  The talk…is about them going back to the old rate of 1199 per dollar.  The Hydrocarbon Law – has not been signed…It was agreed upon in 2007 but…the Iraqi Supreme Court struck it down…and they have been renegotiating…The statement that the whole world is pushing/forcing Iraq to change their exchange rate is inaccurate.  Countries don’t usually get involved with people’s exchange rate unless you’re trying to manipulate them and that’s not the case with Iraq.