[via PDK] What I am hearing out of Iraq on the budget is the president has it – he signed it and it will be announced tomorrow in the Gazette and in the mosques. This is a big one…The Rumor from Iraqi financial circles…Is that they do plan on starting a float this weekend of about $1.00 and float to see what kind of stability it has before they pull the trigger for the rest of the world and for us. So this will start “in-country only”…We are already seeing the numbers move. The official rate is around 1310 but it is showing in the markets at considerable better. This shows they are positioning for an immediate roll-out over the next few days. …they are moving forward and moving forward quickly.
