MarkZ
[via PDK] ... article from the local news over there...says they have defeated the “parallel market” or the black market for currency. Why is this important? We were told this would be the next step before they released the new rate. So there is great expectation. They continue to tell the Iraqi people to watch for changes in the dinar values at stores and market places.
I am not worried about a float. None of my bankers are worried about a float...I was told that because of the “Oil for Dinar“ program –the redeeming banks or redemption centers that this will be our best price. All my bankers agree.