"RV UPDATE" BY WALKINGSTICK, 23 NOV

  Walkingstick (KTFA)

[Aki Iraqi Bank Friend Update]

Number 1 [Aki’s Boss] has informed Aki the CBI is going to have…’All hands on meeting’ to share the results of a recent CBI meeting.  These meetings are continual and only with the banks, no politicians.   

These meetings were with all the upper management of every bank in Iraq…IOO they’re talking about the new exchange rate of the Iraqi dinar and the new small category notes…We told you there would be one last rate change on the exchange rate of the Iraqi dinar.  Aki suggested to us it would be 1,200 to 1…

WALKINGSTICK: …Look more for 1000 to 1 because when they get there then they can lift the three zeros.

 Remember, we started with a MR that led to an RV that leads now today to an RD that will lead to an international float.  Now...When it gets to the point of the float, a supply and demand of the Iraqi dinar...will determine which exchange rate of the RV that they cap it at. 

  [Iraqi bank friend Aki update]  How will Aki profit by having these banks ?  >By exchanging the Iraqi dinar for dollars.  This is a profit for the bank. For Aki...

 [Iraqi bank friend Aki update] 

 How will Aki profit by having these banks?  By exchanging the Iraqi dinar for dollars.  This is a profit for the bank. For Aki...

The economic reform is blossoming...because the monetary reform was a success...It is due to the security and stability that Sudani and Alaq have created for the reforms.  

 [Iraqi bank friend Aki update]

When Saddam was removed, many retirees...expatriots...soldiers...citizens left Iraq...A great portion has come to the United States of America therefore these [CBI affiliated] private banks are needed for the reinstatement for the Central Bank of Iraq to re-collect the 3-zero notes that are missing...They turned the private exchange centers into private banks for...the change in the exchange rate of the Iraqi currency.