Maybe this will help a bit more with your questions on Enorrste's comments from earlier. Someone asked him basically the same question. I think his response is similar to mine, but he may shed a little more light.


Enorrste:
I don't believe anything can be said about Iraq's position regarding international acceptance of the dinar from this article. What CAN be deduced is that they are planning for the value to rise. Whether that happens before, during, or after international recognition of the currency cannot be deduced from this article. However, it makes sense to think that it would coincide with international recognition of the dinar.

Next, it is easy to make a blanket assumption that "Iraqis are poor and can't afford to buy bonds." On what would you base that assumption? As in all economies there are some who have a lot of money, and those are always the people who are bond buyers. The same will occur in Iraq. It is also probably true that those are the ones who are still holding on to large denom notes, since they can afford them. In short, I see no problem at all with the CBI offering to sell bonds. Clearly they are in a better position than you or I am in determining whether there is a potential market, right?