[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.
