MarkZ

[via PDK]   Still hearing fantastic things… “Exceeded 150K. Dollar prices rise in Baghdad and Kurdistan with lockdown.” Rates are going the wrong direction and I will tell you why. This is good for us as the market didn’t consider the move to 1300 to be enough. The goal in that move was to get all of the folks in country to turn in their dollars for dinar before they did their RV. If my sources are correct…in the next few days the rate go to 1000 or 1100. Then after they have made another mad dash to exchange centers and banks…before they pull the trigger…