Frank26 When they give the new exchange rate it will float and reach the real effective exchange rate. The monetary reform education right now is so wonderful…
Militia Man The Forex markets are really liquid markets. Iraq is going to have a relationship with that in a not too distant future.
[In reference Guru Walkingstick’s Iraqi Bank manager friend in Dearborn Michigan] AP Article: “Trump meets with Arab Americans in Dearborn, Michigan, but top community leaders skipped the event” Quote: “Donald Trump on Friday met with Arab Americans in Dearborn, Michigan — the nation’s largest Arab-majority city...Metro Detroit is home to the nation’s largest concentration of Arab Americans, with a large chunk of them living in Dearborn.”
Walkingstick IMO what’s going on with these bank centers, this is another reason why they are sending the citizens of Iraq to these centers right now, in order to learn how to use these currency exchange centers. Brilliant.
Wolverine [via Judy Byington] I got some wonderful news, and I have spoken to paymasters and bank officials. The green light has been given. We are just about to cross the finish line…The codes have been locked in, authority has been given, and by next week we will be celebrating. We have million percent assurance it is now all coming through… I know everyone has been waiting for their currency notification that should come in with the Grace of God, after the election results on Tuesday 5 Nov…this has come from official channels…
Frank26 Money exchange buildings…there’s 100’s of them inside of Iraq…And there’s hundreds of them outside of Iraq…There are exchange centers and there are private banks that represent the CBI all over the world…
Pimpy I never said it was definitely going to happen one way or the other [Drop the zeros off the currency before they change the rate or after]. What I’m saying to you is be aware that these two things are there because you might wake up one morning, hear the rate changed happened, you’re excited but then you find out too that the deletion of the zeros took place.
MarkZ [via PDK] “Distribution for Iraq’s retirees salaries tomorrow-Sunday” they will be paid for the month ahead. They do have a holiday coming up and wanted to pay ahead of time. What could be another reason to pay them ahead of time? The revaluation of the dinar to lift up the Iraqi people? That’s what I was thinking.
Samson Article: “Al-Sudani congratulates Al-Mashhadani: We renew the legal and constitutional commitment to support the supervisory role of the House of Representatives”
Militia Man The optics are great for the country because they have all three presidencies in place at this stage. You’re going to see some of the language that’s going to be used by one of the presidents, now there’s three…The new guys has already done a good job. He knows the ropes…His past history dates back a long time…2003/2004 in that ear… It’s over, the country has a new Speaker of the House of Representatives. Congratulations to the legitimacy of the government.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are losing billions daily due to the oil not running into the pipelines into Turkey. That is because we need a rate for the HCL and the real effective exchange rate. FRANK: All we’re waiting for is that new exchange rate.
Mnt Goat In an article…“AL-SUDANI SUMMARIZES HIS GOVERNMENT’S ACHIEVEMENTS TWO YEARS AFTER ITS FORMATION“ …in the two decades of following this RV saga, I have never seen such a progressive prime minister. He is hitting all the reforms we should and are expecting…the currency reform. He has told the population many times already to expect it and its coming soon.
MarkZ [via PDK] Question: Will redemption center bankers be working this weekend. MarkZ: Two out of 3 told me they will be working this weekend. At least half the weekend. Don’t know if its more preparation to be ready…or if they hope to actually be processing people.
