Good article, TS. He's right. It does depend on the strength of the economy. That's why they need to pass these freakin' banking laws that, for some reason, they've procrastinated on for a decade, and free up the private sector. It looks like the laws are coming, as long as Maliki can hold on to the 4 or 5 Iraqiya MPs who voted with him on the budget. I saw Ammar Hakim (leader of the Supreme Islamic Council) talking about it at a banking conference today, which is very good news.

I also saw an article that said even the homeless won't take these busted dinars they have in-country at the moment, which is also responsible for the low street value. There's really no good reason for CBI not to have replaced all this tattered money yet unless there's a change coming, since the people have been complaining about it for at least 8 months that I can remember, and with CBI's $67 billion in reserves, they could easily replace the old currency. It's so bad that up to half of the money folks are getting paid is completely useless to them.