"RV UPDATE" BY MARKZ, 20 DEC

  MarkZ   [via PDK]  

  Bank Story: From a member "I went into my local Chase bank to withdraw some cash and the teller asked me if I would wait one moment. I asked her if everything was all right with my account and she said yes.

 Moments later the bank manager approached me and introduced herself. She took me to her office and asked me if I still had the Vietnamese Dong that I had purchased. I told her yes…. She smiled and shook my hand and said she looks forward to doing business with me very soon.“  MarkZ:  I’m sure the teller had a notice flash on her screen telling her this customer purchased foreign currency.

Question:  Will we see this before Christmas?  MarkZ:  We don’t know - but, most of my contacts say we will…

Article:  “IMF staff concludes staff visit with Iraq”  They met with Iraq authorities in Amman, Jordan on the 17th to discuss recent economic developments.  They are not worried fiscally about Iraq and things are coming along nicely.  

 “Quote: “Inflation has declined from its January peak and is projected to stabilize in the coming months—helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, pass through from the exchange rate revaluation,”  They are telling us what they are doing.

We have seen the IQD listed on foreign exchanges around the world. But, this doesn’t mean the IQD is fully international with a new rate yet. But it is showing up on all kind of exchanges…regionally and internationally and locally on all kind of bank screens. It has never shown on these before.  So we are headed in the right direction.

  Question:  What is the rate that is being shown?  

MarkZ:  Anywhere from $1 to about $4.81 depending on who, what or where it is being shown...My Iraqi sources seem to think something will happen this week. We are looking for huge stuff starting tomorrow on the 20th through Jan 1. 

he rumors are through the roof. From Iraq especially…that they have expectations for the next 48 hours and before the 20th.  I do not know if it will happen on the 20th…but I do feel it will happen within the next few weeks. Banking contacts are all looking at the next 36/48 hours…  We really are close...lets see what happens. But everyone stay grounded. You all know it’s inevitable. It’s a “when” and not an “if”...