[via PDK] I am told that if Iraq settles for the NEER (Nominal effective exchange rate) instead of a full reinstatement of value and decides to pull the trigger without the rest of the world… if they go with the low rate of $1.60…and let it float …I was told Vietnam would do the same thing….and release the dong at a .30 cent rate and let it float. They are both very much expected to quickly float to reinstatement values …Iraq in the mid $3’s to $4 and Vietnam to float to the low $2 range.
