A lot of chatter in Iraq over the weekend as they have met all of their obligations and are ready to adjust their value…it feels like Groundhog Day but last week in Iraq they did pass some key pieces of legislation with their white papers and the budget…we are right on the cusp of this happening…it is just painful because nobody knows the exact timing.
[What makes people think the dong rate will be between .47 and $2.27?] Most people get that based on a reinstatement of currency. If they reinstate their currency it would be about $2.21 or so…just re-establishing the value to where it was before they devalued it. The .47 cents showed on a lot of bank screens all over the world a few years ago when it seemed that we were very close before.Tags: Markz /