MarkZ

  In MarkZ

[via PDK]  The Iraqi people believe there is a revaluation imminent…Let’s talk about rates. We are seeing rates all over the board in Iraq. …The official rates have not changed yet. Iraqi people are holding onto their dinars…they are getting rid of US dollars and other foreign currencies and hanging onto their dinars. After the passed the budget in Iraq they wanted to see the dinar grow stronger.   It seems the dinar is substantially stronger than the official CBI rate right now…My bankers at redemption centers believe they will be working this weekend.