_This intel is based upon this article: http://translate.google.com/translate?hl=en&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.ikhnews.com/news.php%3Faction%3Dview%26id%3D26701
Look first at where the article is coming from, it's coming from the Iraq government and not the CBI. This is a good thing, because the CBI has been waiting for the government to approve a lifting of the 3 zero’s program for quite some time now!
Another relevant part: "irreversible and started his first steps will be implemented during the next two years from now"
Here, we have them stating "during the next two years", and in another part "from now", in my opinion they RV now at 1to1, which is during the two years and take the rest of the two years to get the larger notes out of the market place. After that and when the CBI feels comfortable we should see a complete RI. This in my opinion is what Shabibi has been telling us all the time and now we have the GOI telling us the same thing.
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_Ok, here is another relevant part: "irreversible and started his first steps"; what are the first steps from the 1170 rate? In my opinion "first steps" mean that the CBI must RV at 1to1 in order to get the process started, otherwise Iraq will stay right where they are, because most will hang on and others will liquidate Iraq, knowing they are going to RV in two years and that makes no sense at all. The "First steps", means, "from now", to RV now and get on with the rest of the raising the 3 zero’s program. Remember you must look at the whole picture and not just one narrow minded article.
Ok, here is another relevant part: "that monetary policy in Iraq is able to make the Iraqi dinar is equal to the U.S. dollar "any Dinaraluahd matched by one dollar . . ."
This makes it sound like they have done it by using "Iraqi dinar is equal to the U.S. dollar", the word "is" is the clarifier, so we should see this soon if the news article is correct.
Please remember that the Wise Gentle Investor takes all intel with a grain of salt. God Bless. AJ