MARKZ
[via PDK] ...I do have an update from the redemption side/wealth management. They are saying they were asked to stay close to home this week…in case they are needed. It may have nothing to do with us and exchanges…but something internal. I don’t know as of yet.
[via PDK] ...I have been tracking today...a number of articles and commentary coming out of Iraq. There are meetings between representatives of the CBI and the government...I am being told these meetings will continue into tomorrow and a major topic in these meetings is the “Exchange Rate”...they are focusing on increasing the strength of the dinar in comparison to the US dollar so they can continue to de-dollarize...By changing purchases to dinar instead of dollars…interesting from Iraq on that front.
Sandy Ingram
The POS - Point of Sale system, in Iraq is operational and on YouTube...Using POS is exempt from taxes...POS devices are being distributed to all shops and businesses for cashless transactions...
There is still lots and lost of cash hidden in the mattresses by Iraqi citizens. The Iraqi banking system is trying to get all these Iraqi dinars...It looks like Iraq is slowly pulling in all of its own currency, the dinar. Everything will be digital. The question is where does this leave investors who are holding the paper Iraqi dinar?
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