Walkingstick

[via Frank26]   There’s no RV…there is an accepted rate…there is no need for an RV…because they have agreed upon an exchange rate to reach via a float.  When they did this they factored in the unknown:  1.  Inflation fluctuation…they are going to make adjustments if there’s an inflation fluctuation.  It’s called a float.  2.  Oil sale prices mainly for the HCL.  3.  Resources of Iraq – tapped and untapped… that’s important because that way you can determine where you’re going to get the REER and the float.  4.  The flow the IQD in a float will be within +/- 3%…the currency will be asset backed by the CBI for the first time.