Iraq is not going to come out
at a 1,000 to 1 rate…They are going to come straight out of the
gates…to reinstate their currency IMO above a 1 to 1 rate. Because
right now Iraq has an inflation rate at 20% and if they come out at
1,000 to 1 to start the float in removing the 3-zeros they would be at
a 40% inflation rate in their country…It makes no sense to come out
at 1 to 1. It would not accomplish what they are trying to do…When
they should have released it at 1,000 to 1 that would have worked
instantly…at that time. But they didn’t. They stalled...Now
there is just one rate…These are exciting time.