Wednesday, October 2, 2024

THE CURRENCY AUCTIONS WIL STOP AFTER THE END OF THE YEAR BY MR. SAMMY IRAQI BANK INTEL, 3 OCT

  Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY:There's a lot of good information coming out soon but won't be nothing about the rate yet.  Mr. Sammy [Iraqi bank manager friend] still thinks it will be right after the end of the year when they stop the auctions.

 FIREFLY: There are TV commercials advertising that the Kuwait dinar is at $3.58.  They are talking about our new border agreement with Kuwait.  The fact they bring up this rate tells me they want to talk about our new rate against it.   

FRANK:   They are talking to you about Kuwait because they need an example to show you what is about to happen to your currency, your purchasing power, to show you what is going to happen to your exchange rate.  There will be a change coming.

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