[via PDK] …There are a number of politicians discussing where they should go on the rate. I also have a finance ministry contact mention that a higher NEER rate was tossed about today in some of their circles. In other words instead of going with the rate of 1162 and floating…it would start exponentially higher at the NEER rate of $1.60. They are also going back and forth with the pre-Sadaam Hussein rate of about $3.22. We don’t yet know what they will do. [post 1 of 2….stay tuned]
MarkZ
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