Goldilocks: Global Banking Announcement:
This is a note to follow up on the banker who went into foreign currency exchange training last week.
She shared that Banks are "currently" exchanging their currencies using native currencies.
There will be much faster settlement times utilizing a country's own currencies for the exchange.
Presently, this applies to all currencies around the world except for the IQD.
This makes sense to me due to the fact that Dee and I have been told that the IQD would not float. It will be given a revalued rate.
This bank will go unnamed to protect it from being bombarded with phone calls.
What is important to take from this piece of Intel is, for this Bank, these new procedures began today.
This does not mean that all Banks have started these protocols yet, but it does mean that expectations are high that they begin.
© Goldilocks
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