_The below intel is solely based upon this article . HTTP://WWW.FOREXWORLDSITE.COM , but we have seen many of these over the last two years.
3 formula’s are possible, 1. RV at 1 to 1, remove large notes out of market at minimal cost to Iraq’s economy and CBI, curve or control investment while removal is taking place and RI or RV in two years or so. 2. RI at 3.337 to 3.41 and, 3. RV High.
Some say two of the above formulas are debunked, but that’s not what the consistent news is telling us and I have not seen one of Iraq’s parliamentary budgets implemented.
Pick your poison, as nobody really knows, when the persistence of preserving Iraq’s currency is pure speculation on the date, rate and the rules of the game when this business phenomenon finally materializes.