Another ‘rumor’ going around is that it is 1 to 1 in Iraq already. The only reason to RV is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’. You are NOT ‘in Iraq’. And until the rate changes on cbi.iq – it makes no difference to you or I what is going on inside of Iraq.
About 3 weeks ago, there was a statement added to the CBI website (you know – cbi.iq) that basically explains to the Iraqis what to do and how to bring in old and damaged money. The good news is that this statement basically started the RV process. Iraqis will only notice after the rate changes that it does not take as much to buy bread as it did before.