MarkZ
[via PDK] Some of my contractor contacts are back in Iraq now after the holidays and they are hearing very positive things for this month. Their expectations are running extremely high right now.
Question: I am hearing dinar $3.81 and dong .47…is that what you are hearing ? MarkZ: That’s not what I am hearing but I would be ok with it. That would still be fantastic. But I am hearing higher rates than that.Iraqs stock market is up 90% in valuation based on the US dollar…and they continuously talk about the exchange rate and what their market is going to look like after a change in the exchange rate. They are telling us its coming and that they will address it in their first parliamentary session. And that session has just started. Positive stuff.