MarkZ
[via PDK] In Iraq: “Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.” This is a worldwide thing and to me this means international.
Article: “Al Sudani arrives in Davos to push the “Development and Road Agenda” He is pushing to be international in world trade. Article: “Liberation of the dinar from the official rate: Obstacles and Solutions”
They are again talking about the need to increase the value and adjust all the mechanisms to do so. They talk about killing the black market because the markets will determine the new rate.
There is a lot of news out of Iraq. According to the Iraqi press they are working hard on a change of value and deleting of the zeros. Deleting the zeros does not mean just take the zeros off…it means the dinar gains so much strength that you cannot use the bills with the 3 zeros on it…
This is good news for us.