Member: Good morning everyone. Great day for an RV!
Member: if Iraq is increasing her foreign reserves through correspondent banks, isn’t that international trade?????
MZ: Yes and that is why some are getting excited
Member: Rumor is Iraq has to have an international rate by Friday in compliance with WTO
MZ: “Foreign remittances constitute about 94% of Iraq sales” They are showing us in articles how they are handling things internationally. Links or posted in my daily links .
Member: What about HCL and sanctions?
MZ: Rumor is HCL hits the floor of parliament this morning as they go back to work on it in the coming days.
Member: why don’t they just RV instead of all these extra steps jumping through different processes to get by until they RV. Just RV
Member: Tonight would be great. The stock market is shut down tomorrow so there wouldn’t be any impact to that if they go live tonight imo
Member: A friend says it could go on the 20th – and it would be a 3 day weekend.
MZ: I was told a 3 day weekend is the easiest…I do have some bond contacts now saying their funds won’t release until the 21st…after the inauguration. We will see
Member: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st?
MZ: It is absolutely possible. Similar to how Kuwait did theirs….In a nutshell….Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.
MZ: I am getting some very yo-yoish news. There are still a number of banks expecting and being prepped for a rate between now and Saturday. I hope that happens.
MZ: It is confusing though because I have a couple of bond contacts who were informed by their paymasters that they would not distribute funds until after the 21st because they do not want the credit to go to the currency administration. That is what they are hearing.
Member: That makes sense to me…..less than 2 weeks away now.
MZ: But the banking side still believes its earlier….Groups have been silent for the last day or so. I believe its very close and the yo yo news means they are still doing their best to cloud the timing
MZ: What we do know is they are doing the preparations right now to make this happen.
Member: Hey Mark, please explain what Mr. C has to do with the Denar revaluation?
MZ: Mr. C has nothing to do with the dinar revaluation. His role is in the re-funding of the US dollar from fiat to asset backed . Those events appear to be tied together and should happen about the same time. He will be here tomorrow if you want to quiz him on that .
Member: Wife and I went to Chase discussed currency they accept and 2 weeks later getting emailed by their private banker to meet with him.
Member: I talked to my friend who works at fidelity. she said she think the market is going to crash but she’s been instructed to tell ppl not to pull out.
Member: we’re so ready for this movie to be over it’s longest movie I’ve ever watched
Member: Thanks Mark and Andy…..everyone have a good day and stay warm.
