MarkZ

[via PDK]  Still hearing positive things for this upcoming week…Iraq has been very crystal clear…that the value of the dinar will be going up in the near future. They told us they are going to raise it. The question is how much they are going to raise it and how soon. Will it go from 1450 to 1200 and floating…or will it be the Nominal Effective Exchange Rate of 1 to 1 or $1.60…. I am still hearing from my sources in Iraq that they will not do 1 to 1 but if they do the NEER rate it will be $1.60 and float up. We know the rate will be going up. Their politicians have told us this…thier banks have told us this. The UN has told us this…. The question is when and how much.