Dinar Reporter (IQDUSD)

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Steve: INTERESTING FROM ANTHR ROOM

May I suggest based upon the discussion on M2 it is my contention that a small revaluation may happen. If a small RV does occur, it only cements my decision to hold onto the notes I have and wait for the coming free float of the dinar.

I am suggesting a free float within certain boundaries. Those boundaries are defined by the amount of cash reserves inside Iraq and outside of the country. The next condition for a limited free float is the gold in reserve inside Iraq. We all agree the CBI must move away from the managed rate.

A limited free float based upon the boundaries above would solve the the potential problems concerning M2. I can see the CBI achieving the "real rate" of the dinar by a revaluation of a few pennies. Eventually, releasing their control over the exchange rate (after the speculators have been shaken out) to allow the currency to free float within the afore-mentioned limits.

Thanks,

Rob N.