Memphis »
With the anticipated
re-pricing of the dinar one of the items we watch for is for the CBI to reveal
how they intend to peg their currency, meaning to WHAT will it be compared to in
expressing it's value going forward.
One thing has been apparent for a
while now is that they will NOT continue to relate (peg) their currency only to
the USD. It has been speculated that some assortment of currencies along with
gold will become their new standard.
A totally separate discussion would
be regarding what they will hold in reserves to support the dinar, i.e. what
will be kept in their vaults.
