While I'm not claiming to believe his theory, I will put on my "guru interpretation hat" and try to unravel what I think he is trying to say ...
The current rate in country is 1166:1
That rate will first go to 1000:1, then to 1:1 by removing the 3 zeros (simple for humans - not sure why computers need this help) coupled with the introduction of the new LD's in Iraq,
Apparently, Frank does not think LD's at 1000:1 makes sense due to the worthlessness of the LD's at that rate and the likelihood that the Iraqi people would not shift their affections to the Dinar and away from the dollar at that rate.
So, this theory seems to get the Dinar to 1:1 in a managed manner so that the "in country" RD can take place.
DISCLAIMER: I am not a "guru", a fact that should be obvious because I know the difference between "there" and "their" and can type in lower case and upper case while using correct grammar and punctuation.
Thank you. That is all.