MarkZ
[via PDK]
I believe we are just waiting on a REER (Real Effective Exchange rate) right now. The question is what are they waiting for on the timing?
I hear from banking contacts, government contacts, A Ministry of Finance contact in Iraq…that they just need the announcement of the REER.
Question: So we wait for the REER- and then it will float up?
MarkZ: Not necessarily. If the rate is high enough …and we believe it will come in higher and not float... We believe the REER is coming in strong.
We do have some reports from some bankers and they were requested not to leave their area this weekend. That is a bit of a change. Even my redemption center contact in Virginia is hearing they have to stay within a 2 hour traveling distance this weekend…even if its Easter weekend. I think that is interesting.
