IRAQI DINAR INFORMATION

1-28-2016 *Kaperoni ~There is no revalue or overnight event...but a gradual appreciation based on the economic growth, GDP of Iraq. The process to raise the value is based on economic principals, not some arbitrary number. Most importantly, the dinar is directly related to the creation of a market economy. So as the world comes to Iraq to invest (once the laws are in place), it will create an economic boom of sorts, and as a result of billions of dollars will begin flowing through the CBI's capital account to participate in investment projects, the result will create inflationary pressure in the country. When the CBI moves to Article VIII (which we expect this year to happen at or about the same time as the passing of the laws), and begins to float the dinar, the dinar will rise in value gradually to counter that inflationary pressure created from the influx of investors...it is absolutely necessary that the dinar appreciate in value as part of the process.