In Pimpy's Investment Chat 

Again more Iraq dinar exchange rate talk.  We know where they’re going with this…  Article:  “A financial official determines the possibility of changing the dollar exchange rate in next year’s budget”  …there is a lot of talk about the exchange rate – back-fourth-back-fourth…  My thought is that they’re gonna at the very least put it back to the rate it just changed from…right now you get 1450 dinar for every one dollar.  They’re talking about going back to the old exchange rate which is you get 1190 dinar for every dollar…you want that number to continue to shrink.  At least we’re taking a step in the right direction…I’ll take it in increments as long as it’s consistent.

Tags: , , /