_http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB198/FOI%20Economy%20and%20Infrastructure.pdfPage 17 of the above document, under "Infaltion, Foreign Exchange Rate; Cause and Remedies", explains it all. That sections explains how having such a high exchange rate on the Iraq Dinar in the past actually hurt the country when they should have been devaluing the Iraq Dinar through the 1970's up to the Sadam Regime. This in my opinion and supports all of the 1 to 1 and lifting the 3 zero articles that we have seen over the last year.
Once the trade in Iraq is at 50% and above, payment in US Dollars and the USD exchange rate is at 84 to 86 pips (maybe even higher) we will see the Iraq Dinar revalue at the 1 to 1 rate. The balancing of the G-20 currencies is taking place now to achieve the goals in the below article.
3.
Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
http://www.mop.gov.iq/mop/index.jsp?sid=1&id=308&pid=295&lng=enIn my opinion the first RV of the Iraq dinar is going to come out at somewhere between 86 cents and $1.25 for the first few years until the CBI has pulled in the biggest share of the larger notes. The CBI is going to accomplish this by releasing the lower denominations by buying back the US dollars now in circulation. Thus, reintroducing a proportionate exchange rate in relation to the rest of the G-20 countries and kick starting world economy.
Watch the rules as they come out, we may have to exchange all the big notes for either US dollars or lower denomination Iraq dinar if we can get our hands on them in a time period set by the CBI. Or one could start an Iraq account until such time as the dinar RIs or RV again. And that may never happen, but the above documents alludes to it. The above two documents are the only fact intel, besides the news we have.
Keep your eyes on the markets at kitco.com/
God Bless,
AJ
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