Saturday, November 2, 2024

EXCERPTS FROM MARKZ, 2 NOV

 EXCERPTS FROM MARKZ

​​Member: I believe Al Sudani promised his people the rate would change in 2024

MZ: Sudani said they would end the auctions in 2024 and implied they would increase the purchasing power of the dinar as well….

Member: I hear when the auctions stop- we have our RV

MZ: Exactly. 

Member: Will Non Iraqi citizens be able to redeem IQD for increase after revaluation without committing it to direct Iraqi investment?

MZ: Absolutely.  

MZ: On the bond side: Same story and same positivity ….. But I do not think we will see a bond holder with funds until early next week. But, if we see a facilitator with money before that  (which is highly possible) this weekend- we will know it is party time. 

Member: Is it possible we could get our notifications before bond holders get their Money


MZ: Absolutely. My guess they start getting paid the same time we get notices to make appointments. It would be too hard to keep things quiet any other way. 

Member: A shotgun start makes sense

Members: Others say we get notified anytime after Nov. 6th. 

MZ: That is pretty much what the upper echelon in banking are saying now. . 

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