[via PDK] From Iraq...A chief strategist of the AFC Iraq fund is talking about how “Banks will fuel the next market phase of Iraq” they have made exceptional progress. Top tier banks have a lot of funding and money and this is where the future is going to explode for Iraq…and they are now ready to start funding entrepreneurs, projects etc….
This is a great piece that shows us where Iraq is heading...We were told the banking implementation is key for them to be able to change their value. It also brings financial security.
Question: If IQD and VND have agreements…will they not float up together? MarkZ: I do not expect a float. But, I am prepared in case there is one. I expect a substantial change in value …then maybe a small float.
..we are starting to see changes in bank values etc. But, not an open trade on them yet...We have seen this in the past and it’s our theory that they are preparing the process when we see those rate changes. Is this the one where they actually pull the trigger???...
The banker side has a lot of anticipation for late this afternoon...We have bank personnel keeping us abreast if any of these currencies become “tradable”...We will see what materializes. [post 2 of 2]
There are interesting things showing on currency converters…from the Forbes one to the EIX…. There are some interesting values showing on many of our currencies...There are a lot of “inconsistencies” on currency calculators right now. We are seeing Bolivar made it up to .35 cents. (doesn’t mean you can exchange it right now) We tried... Dong rates have also been bouncing around...
No comments:
Post a Comment