MarkZ
[via PDK]
I have had a number of contractors in the last day or two tell me that they were told to prepare for between $3.60 - $3.90 [for the dinar]…
Question: Anything new about the rate of the dong [Vietnam]...? MarkZ: I am hearing the dong rate could be in the $3+ range now. I hope this is accurate. When I first got in this I was hoping for .31 -.36 cents. Then I was consistently told it could be in the low $2 range…which would be spot on for a reinstatement. Now I am hearing it could be as high as $3.60 or so… That is what is showing on bank screens. I do not know if it’s a place holder rate…but it is showing up a lot.
Question: Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate?
MarkZ: I hate to give dates…but there is a good chance it could go before then. Question: What does your gut say?
My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days.