I think the first move is going to be to restore the dinar to its previous exchange rate…they’re saying 1200 dinars for every dollar…The real question is going to be how long until they do it again. My guess is they’re going to wait somewhere around 90 days to see what kind of effect it has on Iraq and the economy as a whole. If it doesn’t look like it’s doing too much damage I think they you can expect another increase at the beginning of next year…and a possible second increase in the year 2023. How much of an increase really depends on how the economy is affected over in Iraq and what’s going on globally…
