MarkZ

[via PDK]   My Iraqi contacts are looking for it starting tomorrow (Thursday) for a change in value. That is the chatter going on over there in the streets. Everyone is still talking about this change. They think there is a window anywhere between the 3rd and the 9th right now to return to the old rate…meaning pre-war rate…which was $3 and something …the people there will be very upset with less then at least $1-$1.50 or more and then allowed to float. …but, the chatter from 3 contacts is they expect it to go back to at least over $3…. I am still hearing we will get more than that because of the “oil for dinar” deal.