It was out of Iraq’s hands until yesterday, when everyone gave up on the US Treasury. The IMF finally said “enough’s enough; we’re pushing this out”. The rate is at the banks, on the screens...but they are not the rates we wanted. There are no contract rates because the IMF had to do this. [Can we expect the dinar, dong, rupiah and zim to all go at the same time?] We’re not sure about the zim, because some are saying they are not Basel III compliant. But the others will all be released, and the dong will be .71 to $1.
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