EXCERPTS FROM MARKZ
MZ: I have an article that reminds me of the article that came out in Kuwait the day they revalued. “ Parliamentary finance settles the matter: the exchange rate will not change.” There are several “Kuwait style” articles that came out overnight and this morning. Most them are about “exchange rates”
Member: What time of day did Kuwait revalue?
MZ: I want to say –maybe 11 AM to 2 pm? ……does anyone know for sure? But it was during Kuwaits daylight hours. That would be wee hours overnight for us.
MZ: “Sudanese advisor reassures via Shafaq news about the rise of the dollar –the temporary market bubble” They are saying over the holidays there will be a temporary rate increase of the dollar. They are expecting it and have mechanisms for it. And yes they had held auctions the last couple of days.
MZ: “Dollar auctions: What is the fact that the central banks currency conversion platform has been stopped?” They want us to know there are still auctions but that they are expected to stop in the new year.
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