The second leg of currency reform is to dedollarize

8-9-2013 Newshound Guru Doc The second leg of currency reform is to dedollarize…recent articles quoting Saleh and previous ones quoting Shabibi and stated they would not introduce the new currency except at the beginning of their financial year (Jan 1). Other sources and articles say this is targeted for Jan1, 2015. So what we can conclude from this is they are targeting 2014 to get into a position to need the new currency. From several studies it has been stated the rate to dedollarize is between $1. 00-$1. 20. Logic would dictate they are planning to move the rate toward the dedollarization rate over the course of 2014. Several article have stated they will do this “as economic conditions improve”. Our opinion is they will “change the exchange regime” to either a managed or free float in the near future and allow the dinar to appreciate over 2014 to the $1. 00-$1. 20 range. As it gets there the new currency will be introduced and USD removed.