3-27-2013 *Breitling

[Vixen]

3-27-2013 *Breitling ~[Does Iraq need to get every dollar off the streets to revalue the dinar?] No, they just have to motivate the trend toward people off the dollar. Their intent when they created the new currency is to make the Iraqi dinar a tradable currency around the planet so that everyone can use the dinar as a reserve, relevant outside the oil industry. They will not have an in country revaluation. They are controlling, they are going from a dirty float to a managed float. They need to manage the money supply in order to get in to the dollar range and then once they do that they can get in to the $3 range. You are actually watching policy, it's managed. Their intent is to raise the value of the dinar.