[Iraq boots-on-the-ground report] FIREFLY:
CBI governor talking about the change of the dollar rate in the informal markets and what actions they are taking. FRANK: You know what actions they’re taking. Article VIII, introducing a new national currency without the 3-zeros in the exchange rate…but where will it go up? They’re having an internal float. 4,000 – it’s now 1300. That’s a hell of an increase…they’re having an internal float to bring it to what? They’re up to 1300 to 1, to bring it to 1 to 1…How? With an external float.