[via PDK] We are still in a holding pattern…waiting for the rate change out of Iraq. Last night we shared an Iraqi article where the Parliament told the finance minister to have a new rate within a week. Another article today is the international Monetary fund is telling Iraq to do something with their rate. Something realistic that doesn’t cause unrest in the markets. In other words…. High enough to make a difference but not high enough to mess with the markets… So it appears Iraq is pushing towards a new rate within one week from yesterday.
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