8-31-2014 *Adam Montana

[Vixen]

8-31-2014 *Adam Montana ~[just what IS the HCL?] HCL is...the "Hydro Carbon Law". It is the key to letting Iraq work as a functioning business, and until it is passed there will continue to be struggles with the monies that come in and out of Iraq. Basically, once the HCL is in place... game on! [We know the Iraqi dinar is under a managed float regime In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate. Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed?] it sounds like you are describing a way for the CBI to "manipulate" the rate... in which case I have to emphatically say YES - they definitely have the ability to do so! And in my opinion, they WILL do so...to their benefit and also ours. [We know the Iraqi dinar is under a managed float regime In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate. Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed?] it sounds like you are describing a way for the CBI to "manipulate" the rate... in which case I have to emphatically say YES - they definitely have the ability to do so! And in my opinion, they WILL do so...to their benefit and also ours.