3-27-2013 *Breitling
 Posted: Wed Mar 27, 2013 11:01 am
Posted: Wed Mar 27, 2013 11:01 am3-27-2013  *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.