Member: Rumor is the RV will start tonight….would be nice if it did.
MZ: Lots of rumors out there it’s about to start or has already started. I can tell you confidently that they are not yet exchanging in Iraq. But they are very hopeful things will kick off shortly. A number of them are hopeful for this weekend. But it hasn’t happened yet.
MZ: Wealth management and redemption center banks were told they were on call this weekend but not scheduled to work.
MZ: I do not have any updates on CMKX, PP’s or farm claims. There is silence on that front but it could be a good thing. If they told us they were going to do it- it would not be a surprise.
MZ: “Parliamentary foreign ministry holding the Arab summit in Baghdad holds special importance for Iraq” We are hearing from bankers and folks in Iraq that one of the agreements to hold that summit was a revalued currency. This summit is for the entire Arab region and will be held next month in Iraq. Let us hope they keep the promises that they made. They need to get busy in the next few weeks if they are to have a new rate.
MZ: “Under Secretary of state for bilateral relations receives deputy chief of missions of the United States in Baghdad” They are talking about stability between the US and Iraq.
MZ: “Training course on trade in services concludes in Geneva for WTO acceding governments” They are telling us Iraq is acceding. They have done everything necessary to do this ….and the Arab summit is coming and this is popping back up into the news….and Monday there were articles calling for the revaluation of the Iraqi dinar.
MZ: Lots of positive things happening.
MZ: “Libyans grapple with fresh currency devaluation” They have lost about 30% this year. Years ago Gaddafi was working on a gold backed Libyan dinar. There is now a big movement in the Arab world for all to go to a gold backed dinar or currency for all the countries in the region to have a standard of exchange. . This is historic.
