ARIEL
Interesting Timing We Have Here:
Look who's late to the party.
They found out what the Iraqi Dinar is going to be worth and now want to buy them back.
I wonder why this program will end on May 31st?
Because if you read this article it reports that the Iraqi Dinar became a registered security with the 1st one printed today.
app.achievable.me/study/finra-se
Goldilocks even reported on this article basically saying the Iraqi Dinar can be bought/sold as a registered security at the end of May.
"A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."
Now does this mean we can expect a rate change by the end of the month?
Not sure. But I definitely wouldn't be surprised given that the parallel market is almost at the official price set by the CBI. Which makes this buy back program pertinent and convenient.
Because this also means that dealers or vendors that sell the IQD may run low on supply soon. And they may miss their opportunity to invest in the currency which is why they are offering to purchase them back if stocks are already running low.
I'll let you know when I find more on this situation.
No comments:
Post a Comment