MarkZ
[via PDK]
As far as RV related news – there is a lot of expectations in Iraq for this weekend.
But no huge movement yet. We are waiting to get some news. Iraqi contacts are pretty hopeful they can force a dinar value change to reduce the use of US dollars . A lot of hopeful talk …and most are looking for a change on Sunday. That’s only a day away so guess we will soon find out.
COMMENT: ...Iraqi Citizens are being shown the new lower denominations on the street level. They are being distributed in Iraq…If so, I assume this puts us in a short window until it’s on forex for us. ;
MarkZ: If they are being distributed…yes. We do know they have printed them…we have seen the contracts with DeLaRue in 2018 when they were printed. We know they have sent “cut sheets” or samples to banks , large retailers etc…showing all the security features etc. So they have printed them, prepared everyone, educated the exchange houses. They have also formed a committee to educate people on price changes. It’s clear they are going to lower denominations. If they are finally releasing them at the street level… Well, that is huge news...
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