Coonerx

In my humble opinion, for the RV to take place and not a RD, the rate will have to start low. My thoughts have always been the $.10 - .40 range. I always supposed that if, IF, the rate came out freakishly high, like say $7, then we were looking at an RD. If this investment is going to have returns the way we all want it to, then maybe a low rate with a managed float to start is the way to go. It will prevent a run on Iraqi reserves in the short term and will allow the country to make good on the foreign investment plans it has. Over time, within the framwork of a managed float, the currency will be bumped in value (or not depending on market forces at that particular time). To me, the biggest single issue with this investment is not the rate, but the date. The sooner this currency can be activley traded on the foreign currency market, the better. With all the oil and gas Iraq has, coupled with the foreign investment and huge expenditures foreseen on infastructure projects, the value of Iraq's currency will increase...over time. From a therapuetic standpoint, I think many of you would feel a sense of relief knowing that trading restictions have been lifted and your investment has the ability to rise in value, with the sky being the limit. Then it's only a matter of exchanging your currency at a price that's good for you and your expectations of this investment.

As long as it sings "Jack Sparrow", any Michael Bolton robot is welome in my house