MarkZ
[via PDK] Comment: ...we are expected to get notifications Friday morning. MarkZ: That is definitely the rumors running around. Let’s see if it pans out or not.
Question: What’s the impact of Iraq joining the Bank of international Settlements?MarkZ: It’s their acceptance and elevation to the World Trade Organization and all the other organizations they were removed from when they were sanctioned many years ago. These sanctions are quickly all going away which means they will be able to reinstate or revalue their currency. It is just one more clear indicator of how close we are getting.
Question: Is tomorrow the big day? MarkZ: We will see soon.
Comment: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF?
MarkZ: If you correct the VND back to its old value it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations.