MarkZ

[via PDK]  “USD/IQD rate stabilizes in Baghdad and drops in Erbil”  It appears that we are at least moving to a float in the local market…I am still hearing though that we will be covered by a contract rate when it goes. I take this as an exceptionally good sign. I was always told it would start to fluctuate right before it goes…so to me this is fitting with everything I have been told about. We know they are moving forward and there is a lot of pressure on them. Getting the rate value increased is a regular conversation in Iraq. There is chatter and lots of pressure on the government of Iraq who has completed everything…now the CBI governor will certainly be tossed out on his ear if they do not move forward quickly.