Frank26
There's only one thing we're waiting for - Sudani to introduce the new exchange rate. [People say] Well no Frank, we're waiting for the new exchange rate to get to Sudani from Alaq. [No.] they already got it...Sudani took it to New York and the Untied States Treasury and they looked at it and they said, wow! Okay, go home and get it done... And he came home.
Question "Will the dinar continue to float after the RI?" Well that is the process...After the reinstatement of the Iraqi dinar internally then it'll float externally in all the markets...
Purchasing power, that's what the citizens of Iraq feel like right now. They buy things but they are not getting their money's worth.
[Iraq boots-on-the-ground report] FIREFLY: Television is saying the Central Bank of Iraq is allowing foreign countries and currencies to trade now inside of Iraq banks...
[Community Member Bank Story]
I believe banking experiences are driven by the individual location and especially the training level of the bankers. I mentioned my investment to a baker at Chase yesterday, and she immediately dug out a "Private Client" business card, different than the one on her desk. She said "When that happens, call me."
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