"RV UPDATE" BY MARKZ, 7 OCT

 MarkZ  

…no update yet...from redemption center folks...as to whether they expect to work this weekend. I have been hitting a brick wall…their phones seem to be turned off…. I don’t know if that is a great thing or a coincidence. Yesterday a number of them told me they are on “stand by” specifically for currency exchanges. I think this is huge.   Let’s see if something comes of it.

More chatter on the Iraqi side of things with great expectations for the weekend. Most are looking Late Saturday/early Sunday for something from Iraq. Some type of announcement?

 A lot of my sources feel that Monday is our day…A lot of them …actually...think our day is before that and Monday is when we start going to the bank! 

 They are all expecting big things this weekend. I am hesitant to say if it’s a “go” or “not a go” just yet.   But I am excited about the potential. There is nothing negative at all.

...From the banking side (I got this from a couple different sources) So from bankers in different states…They were told they are officially on “STAND BY”...

 We have not seen that in a very, very long time…and  I have never gotten it from multiple states in different areas that are un-related…AND, these are from different top-tier banks.  So this is something going out from multiple banks…in multiple states. 

  “Iraq asked for $1 Billion in cash and this time Washington said no”  This is from the WSJ. Iraq is between a rock and a hard spot for foreign currency…. 

They are not yet fully internationally recognized. There are still some sanctions and controls there. Going fully international with a rate change would fix their woes. Iraq has everything at stake for this revaluation.

 Question:  Any news on Iraq and the WTO?  MarkZ:   When I find out – I will tell you. I think this is a big “tell” they are trying to keep from us. If they let this news out before they are ready for us…it would be a mad dash for everyone to buy Iraqi dinar…It would be a clear signal of a changing rate…so my guess is they have already been accepted and are waiting to announce the value…that is my best guess.

 We are hearing some conflicting opinions that we need the house of representatives to be back with a new speaker of the house  to remove the remaining sanctions on Iraq. It is my understanding the bill is already at the senate and it could happen at any time.