"RV UPDATE" BY MARKZ, 8 MARCH

  MarkZ 

  [via PDK]  

 There is...a lot of chatter again about the lower denominations at many Iraqi banking locations.  They are using cut sheets with samples of the LD’s etc….  I am trying to find someone over there to send a picture of these cut sheets to us…. (sample sheets with  Lower denoms on it)  I would love to see an official sheet from the CBI.

Question:   Vietnam has a really low rate and they are in the WTO. Does Iraq have to change the value to be in it? 

 MarkZ:  Yes. And Vietnam is under pressure as well to change the value of their currency.  The US has considered putting them on the sanction list for manipulating their currency...Surprisingly Vietnam was one of the most powerful currencies in the world before the Vietnam war… Iraq has been very up front and they have made it very clear they want to be the most valuable currency in the world again…like they were in the past.