MarkZ

[via PDK]   Please treat…as rumors as they are clouding things on purpose…  A contact in Iraq gave me a rate. And somebody else gave me a “heads up” from what one of their Scandinavian bankers told them on Iraq and the possibility of a NEER rate. I am being told they are pushing hard for a full RV reset but that Iraq is prepared again if the reset is stalled to release the NEER. The latest value I am hearing from 3 different sources is $1.66 if they pull a NEER (Nominal Effective Exchange Rate)…I am hearing this from two different European contacts and someone in Iraq…their comments about the NEER today gave me warm fuzzies to know that something is going to move forward no matter what.  My contact over there still says they have every expectation of going by the 31st…