MarkZ Post 2 of 2

[via PDK]  Why is this important?  Because it is a pegged currency. And now suddenly it has changed. And on the same day they don’t allow the trading…I don’t think you will see an official announcement though until parliament recesses for the holiday season. I want to remind you that the CBI does not need parliament in session to change the value. This is one of the signs that we are unpegging and moving forward to see a substantial value change that we have been anticipating. I think we got that “tell” right on time today. I believe it has hit us.  I can tell you that you would have a difficult time finding an Iraqi willing to give up their dinar right now…We appear to be close to the finish line…  [post 2 of 2]