iraqi dinar news january 12 2012

iraqi dinar news january 12 2012 ; All the public documents and statements point toward an initial RV rate of $ 1 to $ 1.3 with the most recent rate stated at $ 1.2. The only indication at rates above these was in planning documents for several years out.

These documents indicated a target rate of around $ 3.4 for 1-2 years out and an ultimate rate of $ 5+ for 5 years out. We continue to be of the opinion that the initial rate will be near equality with the USD. There is no economic advantage for Iraq to RV at $ 3+ initially.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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