There is one variable left moving without a name on it. The Iraqi dinar peg has held through a war, a constitutional vacuum, a cash-pallet halt, and a five-month deadlock. It has held because the daily CBI dollar auction has held. The auction holds because banks the size of Al-Janoob have routed the parallel volume. Treasury just priced the parallel route. Everything in the room got named this week. Except the IQD peg. : Reset Intelligence
