BANK STORY FROM A BANKER
MZ: I think it’s important to bring this up and hope I don’t cause a panic with it. A person in our community had an interesting conversation. He has a personal relationship with a banker.
MZ: Quote: “Met for dinner with a banking executive. After a couple plates of wings and a couple bottles of wine the banker told me about the basket, or first round is going to be only the Iraqi dinar and the Iranian Rial.
He said those countries are gold backed and their internal banking systems are more set up…more so then the others are. The dong should be ready to exchange by late fall.
The bolivar and rupiah are in the first round but will be later on….maybe even into 2025.
It all depends when these countries banking certs (certificates?) are completed. He did not know about the shotgun start and said it will be easier to roll them out piecemeal. He also said it was to early to speculate on Zim bonds. He said eventually in the next 15 years or so all currencies will be at 1 to 1.
MZ: Guys, this is just one bankers opinion….so nobody panic. But I take it as a very good sign. And its best to be prepared……or What if it does roll this way ????? I thought it was worth sharing ......
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