2-3-2014 Newshound/Intel Guru Eagle1 This is a revalued figure we have been
seeing since shortly after I had a sneak peak at the Iraqi Budget in the Spring
of 2013. You may remember that I calculated the RV of the IQD on the
basis of taking the projected income for the year against their projected
expenditures. The number at that time was a fraction of a penny under $3.42. It
appears they have pretty much maintained that number. This is not an RV
of the IQD: this is an RI (or an approximate reinstatement of original
value). Although there have been
suggestions that the number may actually come out closer to $3.50 with the
objective of achieving parity with the Kuwaiti Dinar, it appears to me at this
moment that we may have to wait to see a higher value for the IQD.
[post 2 of 3....stay tuned]
