MarkZ

[via PDK]   We hear from local markets that the dinar is floating from 17 something down to 15 something…and this week the government says its going down to 13 something. It continues to move in the proper direction now… the government said they are counting on a peg later on this week of around 1300 which is temporary and allows it to find its value…Over the course of this week it has improved its value about 20% but, it’s not what we are looking for… We are still getting great chatter from the banking side of it…And the chatter is still great from Iraq…so not much has changed. There was zero bad news overnight.