EXCERPTS FROM MARKZ
MM: With that development road – people and trade will come in droves.
MZ: And the Central banks through auctions have just sold a billion in USD and took in dinar to buy it.
MM: The push is big….Last night I did a video and this article was interesting to me “ In 5 days Iraq Central Bank sells more than a billion dollars” and they say there is now no room for the parallel market or black market for dollars. This is huge from Al ALaq. Once they open the doors and change the REER then the dinar will then be stronger than the dollar. That is what Al-Sudani has said more than once. And that is what we are waiting for.
Member: Looks quite promising for Iraq
Member: I heard a seller say there was no more dinar to be had?
MZ: I know some sellers and they say it’s harder to get dinar to sell right now. I had one seller tell me that probably 90% of the dinar they are selling right now is dinar they bought back from people who have given up. So much of the dinar they are selling right now is recycled.
MM: I have heard that too.
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