In Jeff

Article: “The Central Bank of Iraq decides to restore the mechanism for financing Iraq’s foreign trade, starting next March” …The Central Bank of Iraq is preparing the regular banks of Iraq to start being prepared to be able to trade the dinar against foreign currencies…To trade the dinar against other foreign currencies the dinar itself must be tradable…The step of revaluing the currency is what makes it tradable against other currencies… Again, what they’re telling you here is they’re going to start preparing for this.  They’re not actually going to start doing it.  They’re preparing to do it March 1st…This is a step of them setting the stage before the big event.