MarkZ

[via PDK]    …I think its economic brilliance coming out of Iraq. From Iraq:  …we have a rate. We do not have a fixed rate…we literally have a floating rate now. And based on the market at the end of each day now…A measured approach so they can soak yet more dinar off the streets before their bigger revaluation. I am very excited about it. They are going to allow the market to set the rate each day…This is enormous news. You should be like jumping out of your boots over this one.