MarkZ
[via PDK]
The Deleting the zeros project is back in major conversations in Iraq.
I want to make certain you all know how that process works. They raise the purchasing power…they increase the purchasing power of the dinar. Then they issue lower denominations. They do not just chop off the zeros…..but using the large 3 zero notes would become unwieldy. They have been very clear on this from government documents, Sudani and Shabibi.
MarkZ
[via PDK]
Comment: ...13 Iraqi banks now trading international currency. MarkZ: I think that one is very important. They can now exchange back and forth in different currencies. The mechanism to exchange foreign currencies went live …I think this one is huge.
I did get an update this morning from a redemption center contact. They very much still expect to be called into work this weekend. Their chain of command said to expect to work before Tuesday. This is excellent news.
...my redemption folks...are on call…but they have been told to expect to work at some point over this long weekend. Since it's Labor Day Weekend…This is unusual.
https://dinarevaluation.blogspot.com/2024/09/rv-update-by-markz-2-sept.html
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