Wednesday, November 18, 2009

Letter from CBI - November 18th 2009

Mr. Vxxxxxs,

Apologies for the extended delay of this reply. Thank you for your inquiry regarding the revaluation of the Iraqi Dinar. Currently we are not told what is discussed behind closed doors, but I can say that there are plenty of rumors amongst bank employees regarding a revaluation of the currency. We are not sure when this will happen, since there is a long list of procedures before this can be accomplished.

We here at the CBI are excited of the rumors at the moment. There have been many meetings here throughout the month of October and November with government officials, which can really only mean one thing, a revaluation is in the works.

I can only think of the possibilities for Iraq once the currency is worth something to the people of the world and we here in Iraq are able to travel and trade freely amongst the international markets.

This is the only information I have, sorry I could not be more specific with the information you had requested.

Kind Regards,

Al-Bin Ra*****d

Customer Service

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