Friday, July 5, 2024

LATEST FROM FIREFLY, 5 JULY

 Frank26 

  [Iraq boots-on-the-ground report]

   FIREFLY:  Bank friend said something strange and interesting.  Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency.

  FRANK:  Boom!  Boom!  

FIREFLY:  They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform.  Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time...

FIREFLY:Saleh on the news talking about soon the parallel market will be same as regular...  

FRANK:  ...The parallel rate doesn't exist anymore and if it doesn't exist anymore it's because they have a new exchange rate.  The parallel rate was because you had a program rate.

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