We do not believe the Central Bank of Iraq will relinquish control of the Iraqi dinar and allow the currency to float on the open market. Hopefully we are wrong. Iraq could do what Saddam did and raise the rate against the US dollar. But if the rate is not accepted by the global markets we would have to travel to realize our profits. Economists say this scenario is highly unlikely. Economists also say the United States’ intervention into helping the Iraqi dinar adjust to a higher rate against the dollar is also unlikely. The way the world is going, we do not know what to expect. Sandy Ingram
