Bruce
[via WiserNow] ...they'll have their new rate out on Sunday. Whether it goes in the Gazette or not Saturday, doesn't really matter but it may - they are, as I mentioned going to be, like the independent nation and a sovereign state.
They're going to evidently talk about that a little bit when they bring their new rate out internationally on Sunday...what we heard...from our redemption center contacts, we really aren't looking to get notified over the weekend, anything is possible. We are hearing...that we should get notified on Monday...
So that's the timing that we have right now...I really truly believe they finally hit the end zone... I believe we should be good to go.
[via WiserNow] So if they do what they said that they were going to do - we're in pretty good shape -
Really good shape - and we'll get this party started before the end of the week...
Angel1
Sunday, Alaq makes an official announcement... there's going to be massive important shifts in external transfer mechanism and it says this came after an agreement between the CBI and the US Federal Bank. What they're saying is at the end of the year, January 1, the Central Bank of Iraq's auctions will be completely different. They will be run like all the other international central banks of the world. That's what will happen January 1. That's an announcement.
When Iraq got placed on sanctions, yes they got a program rate, but the nail that kept them functional to sanctions was the auctions...What they're telling us now is the way they've always done auctions is going to be gone...
The old way for you to pay for imports would be you would have to go to the auctions and do it through submitting invoices and proof and paperwork. It takes about 2 weeks...
Now a coffee shop is going to be able to pay his own import right through his bank like every other normal country in the world. We are excited...That means they're going to be an internationally acceptable...tradable currency. They're going to have value...
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