Militia Man I think everybody should be excited by the fact that all the progress that we’ve seen with Iraq has been amazing…Over the last 2 years we can see one thing after another is getting done. It seems like it’s painstakingly [slow] …but in truth it’s not even close to that.
Nader Everybody’s saying there’s a new category of currency come out in the streets of Iraq. We heard it but we didn’t see anything. Nothing new, we still with the same currency. For now didn’t see anything.
Samson Article: “Iraq among most popular tourist destinations for Australians”
MarkZ [via PDK] I did get an update this morning from a redemption center contact. They very much still expect to be called into work this weekend. Their chain of command said to expect to work before Tuesday. This is excellent news.
Clare Article: ”The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies” Quote: “The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV right now and he just told us that the project to delete the zeros is ruled out at this present time…Then he turns around and says we need to reduce the amount in the budget from trillions to billions and then ends the conference talk by saying many have called for the removal of the three zeros which would increase the dinar…We are both in shock and stunned because he said one thing and then he said another thing. FRANK: What he’s telling you is exactly right…it doesn’t make any sense…This is B.S. It is a lie…Trust me, nothing is stopping the purchasing power that is coming to you Iraqi citizens. Nothing…China did the same thing back in the 90s…They came out with a full page article in their newspaper saying there were not sign to increase the value. 3 days later they increased the value. This may be the same scenario. A diversion for speculators.
Militia Man Article: “Al Sudani’s adviser rules out removing three zeros from the currency” Saleh…he’s not lying. The government isn’t looking to remove the zeros. It’s not the government’s job. So he’s not lying…1310 will not work going into this new economy that they’re going to be rebuilding…It’s impossible…to keep having an exchange rate at 1310 because as he says, it’s reached trillions and it’s not easy anymore. It will be astronomical.
Bruce [via WiserNow] …there’s so much good stuff coming out with Iraq with their new rate coming up Sunday, international rate, and we’ve [US] occupied one floor in the Central Bank of Iraq. And we vacate that on Saturday. We no longer will be in that CBI on Saturday…So that’s good news…I just think we’re all ready for this to go…
MarkZ [via PDK] …my redemption folks…are on call…but they have been told to expect to work at some point over this long weekend. Since its Labor Day Weekend…This is unusual.
