MarkZ
[via PDK]
Question: Can you talk about the rate changes bankers were seeing...?
MarkZ: Most of what my bankers saw... they think is a little low. Could be a place holder rate or a test rate or in-country rate…but they are once again starting to see rates that are close to what we expect.
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MarkZ
[via PDK]
..."Treasury supports CBI of Iraq” I think this is important. The US Treasury is supporting the Central Bank of Iraq.
Why is this important?
Over the last few weeks articles states Iraq has full control of its money …and now the US Treasury is saying the CBI is doing a great job…Troops are getting moved out…and they are openly talking about their project to delete the zeros. Imo opinions things are warm and fuzzy in Iraq even if we do not know the timing yet.
“Iraq reviews the US Treasury the date of abandoning the currency auction” this is so important. I was told Oct 1st - no more foreign currency auctions. This is the one thing I was told to look for –When they are done with foreign currency auctions…they would revalue. And this news just came out [Tuesday] that they are ending them.
The chatter coming out of the banking side has been pretty severe today - in a good way. They say rates are being seen…but I haven’t confirmed them …But I am hearing this from 3-4 different sources that work at different banking institutions…and they all agree on the rate of $3.57 on the screens...It’s certainly interesting this is being seen by so many …and the same rate...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/09/357-is-rate-of-iraqi-dinar-on-screens.htmlhttps://dinarevaluation.blogspot.com/2024/09/357-is-rate-of-iraqi-dinar-on-screens.html
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