EXCERPTS FROM MARKZ
MZ: from the Central Bank of Iraq today…..has us excited. I think it tells us a lot about timing.
MZ: “In continuation of circular # 3449 dated 1-15-2024 regarding the unification and updating of controls and instructions related to the standards for circulation and replacement of bank notes. We attach to you the principal standards and instructions for that will be adopted in the counting, sorting , receipt and delivery of bank notes. To be implemented starting from 1-2-2025 with appreciation That is supposed to continue and be completed 1-15-2024 (2025?)
MZ: they are saying they will be issuing the instructions related to the standards of circulation and the replacement of banknotes….. which has folks excited. .
Member: hopefully the replacement notes mean lower denominations.
Member: So did auctions stop at the CBI?
MZ: They are getting ready to move auctions from the CBI to the banks…We are very close.
MZ” “Iraq to end currency auctions by start of 2025” over the next few days we are going to see so many changes…buckle up
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