MarkZ   [Post 1 of 2….]

[via PDK]  …article from Baghdad today: “It will turn the parallel market upside down-Sources:  Expected decisions from the Central Bank will confuse markets and raise exchange rates”  When they say raise exchange rates…they are talking “in the wrong direction”… So if one US dollar now equals 1310 dinar…it will go to one US dollar equals 1500 dinar or so.  So what they are going to do is have an auction on US dollars. They are planning on injecting more US dollars into the markets and buy dinar off of the streets. “To help support the exchange rate” is the claim. And to help clean up the sanctions and money laundering…..