Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on.
So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!
This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros.
This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.
The Finance Committee, headed by Atwan Al-Atwani and the presence of its members, hosted, today, Thursday, the Governor of the Central Bank Ali Al-Alaq; to discuss a number of important files, most notably, the measures to address the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade transfers through (the platform).
The meeting also reviewed, according to the committee’s statement, {Euphrates News} received a copy of it, the file of US Treasury sanctions on local banks and the extent of their impact on monetary and financial policy and banking work in the country, and the measures taken by the Central Bank in this regard, in addition to discussing the adopted international standards, future plans to improve the reality of the banking system, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.
Al-Atwani stressed “the importance of following up the economic file, monetary policy and the system of external and internal transfers, and finding appropriate solutions to the obstacles facing the work of the Central Bank,” noting that “the government is making a great effort to maintain the stability of the local market during the holy month of Ramadan, especially with regard to the prices of selling food and other necessary goods.”
“We look forward to continuous coordination and cooperation with the Central Bank in order to increase the value of the Iraqi dinar and control the local market in order to alleviate the citizen,” he added.
For his part, Al-Alaq stressed “establishing basic rules for monitoring the process of external and internal transfers,” attributing the instability of the exchange rate to “the existence of illegal trade by small traders and some speculators that finance by withdrawing the dollar cash from the market.” Al-Alaq said that “the external sanctions imposed on a large number of our local banks have hindered the endeavors and plans to open relations and communication lines with accredited international correspondent banks,” explaining, “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.”
He added, “We are currently coordinating with the concerned authorities on the implementation of the foreign trade regulation plan, and we also have continuous meetings with the American Treasury, and it was understood to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future until after discussing and informing the Central Bank of Iraq as it is concerned with monitoring its activity.”
SO, SOME AGREEMENTS WERE MET LAST NIGHT....LET'S SEE WHERE THAT TAKES US FOR LATER TODAY?
[via Babysmom] "EAST COAST BANK CONTACTS ARE "VERY EXCITED" AND ANTICIPATE INITIATING EXCHANGES EITHER LATE TONIGHT OR EARLY IN THE MORNING. TIME WILL TELL...
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EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY.
[via Vinterv] 3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...
♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ Sooner THAN later ♫♪♫♪♫ I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...
GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...
Article quote: “The Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely to significantly increase Al-Sudani’s popularity.” ...
The article was published yesterday & I am suspicious of it’s veracity and timing. It always seems to get tossed around during election season.
Furthermore, how they decide to get from 1320:1 to 1.32:1 is another story entirely...Everyone will get all excited, when in reality… even if this is a legit move – it could still go 20 different ways.
Calm Dominates The Currency Market Ahead Of The World's Largest Economic Data
Economy |Today Baghdad today - follow-up A state of calm prevailed in the currency market, today, Thursday (March 14, 2024), with the US dollar holding steady against its major counterparts at a time when traders are awaiting more data from the largest economy in the world in search of indicators about the direction of the Federal Reserve (the US Central Bank) policy. .
The Consumer Price Index data in the United States, which was released last Tuesday, and showed a higher-than-expected rise in US inflation, reignited fears that inflation may continue, which made investors reassess the chances of the Federal Reserve cutting interest rates at its meeting in June, as was expected in the previous.
According to the London Stock Exchange Group's interest rate move probability app, markets still see a 65 percent chance of a rate cut in June, down from 71 percent earlier in the week. While the probability of reducing the interest rate in July is about 83 percent.
In light of expectations that the US Central Bank will keep interest rates unchanged at its meeting next week, the focus turns to the bank's updated economic forecasts.
Federal Reserve Chairman Jerome Powell said last week that the bank is "not far away" from gaining the confidence needed to start easing monetary policy.
Markets are awaiting US retail sales data, producer price index (factory door inflation) data, and unemployment claims scheduled to be released later Thursday, searching for further indications of an economic slowdown.
Before the data was released, the dollar index, which measures the US currency against a basket of six currencies, rose 0.1 percent to 102.85.
Against the yen, the dollar rose 0.1 percent to 147.89 yen, as it remains uncertain whether the Bank of Japan will move to abandon negative interest rates at the monetary policy meeting on March 18-19.
Sources told Reuters that the Japanese central bank will discuss ending negative interest rates next week if wage talks between major companies produce strong results.
The preliminary results of wage negotiations are scheduled to be announced tomorrow, Friday, and reports have already stated that many of the country's largest companies have fully agreed to union demands for wage increases.
The euro fell 0.05 percent to $1.0942, ahead of expected statements by a number of European Central Bank officials on Thursday.
The British pound settled at $1.2792. Data yesterday, Wednesday, showed that the British economy returned to growth in January after entering a recession in the second half of 2023.
In terms of cryptocurrencies, Bitcoin stabilized at $73,092.00 after hitting a record level of $73,678 in the previous session, and Ether fell 0.72 percent to $3,963.70. Source: Agencies LINK
Iraq Reveals New IQD Dollar Rate and Denomination Goal
It’s not a revaluation. It’s a classic Re-denomination of the currency.
Now we can see both pieces to Iraq’s endless discussion on “raising the dollar rate”.
There has been much discussion about removing the three zeros from the IQD notes, yet there’s has never been a confirmation about the resulting exchange rate vs. the US Dollar that would accompany the 3-zero re-denomination.
Now we have it.
In a recent article (also linked below), we can now see that Iraq is planning a straight out re-denomination of the currency leaving the exchange rate (the value of the IQD vs. the Dollar) unchanged.
As quoted in the article, we now see what Iraq is planning for the exchange rate that accompanies the 3-Zero re-denomination.
The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity.
Clearly, we can calculate that changing the exchange rate from 1,320 dinar per dollar to 1.32 dinar per dollar is a simple re-denomination. It is not a revaluation of the IQD’s purchasing power against the US Dollar.
I’m not really sure that this is what we want to see as foreign holders of IQD.
My view is that Iraq is not going to do their re-denomination anytime soon. They simply have too many reforms to make, security issues to address, and massive political deadlocks to overcome.
Maybe this will buy time for Iraq to join BRICS and gold-back their currency for a massive purchasing power change of the IQD to the US Dollar.
It’s also worth noting that many in Dinar-Land are claiming that Iraq is revaluing the IQD to $1.32 per IQD. All I can do is shake my head at the complete lack of either not actually reading what they are talking about, or they don’t understand the simplest of economic and/or monetary concepts.
Ps. There is no such thing as a Reinstatement (the so called “RI’) of a national currency. There are only re-denominations, re-valuations (more accurately re-pegging) and introducing a new currency Series of notes.
Kuwait issued a new series of their notes back in 1991. They never Re-Valued (RV’d).
Iraqis in the midst of exchange rate fluctuations: Why do we need the dollar?
Most Iraqis have been trying for a long time to find out why the Iraqi dinar collapsed against the US dollar, while many of them wondered about Iraq’s need for this currency, which has come to control all economic transactions in the country, creating markets that control the exchange rate.
Although Iraq is moving to end the phenomenon of dollarization by preventing dealing in foreign currency in the local market, many citizens complain that their lives have been affected by the dollar and its fluctuation, wondering why it is linked to their economic life to such a large degree.
Citizen Qahtan Raad (43 years old) explains that “trade has become completely and closely linked to the dollar and its exchange rate in the local market.” He stressed, "We as consumers have been suffering for years due to fluctuations in the hard currency exchange rate in the country."
Raad added to (Al-Mada), “Employees’ salaries are in Iraqi dinars, while consumer goods are in US dollars, and this makes us wonder, what is the reason for the existence of this currency that eats away at the bones of Iraq year after year to control its economy?”
the beginning
Economist Duraid Shaker Al-Anazi says, “The pound sterling was the prevailing currency before World War II, and Britain was the leader and its fleet was plowing the seas. The pound sterling had an undisputed and acceptable global economic power. However, World War II, and after the trillions of losses that the world endured as a result of this war, It is a war of civilized countries, in which approximately 70 million citizens were killed, in addition to millions of homes and factories destroyed. It included the entire European continent, along with Great Britain as a Commonwealth country, and even included China and Japan. One of the distant countries that the war did not reach was the United States of America. As it was not the site of war in both the First and Second World Wars, Britain emerged as exhausted as Europe, and the Soviet Union represented an economic power, but it was not effective.
America's opportunity
Duraid added in his interview with (Al Mada), that “Europe began to move towards the Soviet Union, the most recent of which were Greece and Italy, so the US Secretary of State was forced to propose a Marshall Plan to support countries that seemed to have taken a direction to be with the Soviet Union, and they met and revived a new currency, which is the dollar, to become A prevailing currency, next to which is the pound sterling, which was prevalent for decades, and although we rely on the dollar now due to international pressures and global measurements, the pound sterling at that time was pegged with the currency of every country.
Until the time of our exit with the July 14 revolution, the Iraqi dinar was collapsing much more than the collapse of the sterling pound because it Directly linked to it, the dollar occupied first place in the world and policies began to manipulate the economy, finance, and loans.
Global organizations such as the World Bank and the International Monetary Fund were established, and these organizations relied on the dollar in the process of lending, financing, investment, and other economic names. Pointing out, “This process gave the dollar politicians in the dark basements unlimited economic power with which they relied on high rates of conspiracy operations, as the dollar did not leave a respectable paper currency, and this issue shaped foreign and internal economic policies with countries.”
Dollar float
The economist continues, “The dollar went through its biggest crisis when the dollar was floated by Johnson & Johnson, as through the dollar you could buy gold from the world’s banks.” He added, “French President Charles de Gaulle at the time requested an amount of one billion dollars by exchanging it for gold. At that time, there was an undeclared war between America and France over the leadership and leadership of NATO, so upon request there was a process of floating the dollar, and this was a devastating blow to the dollar currency, as it "It began to fluctuate and collapse significantly, in addition to the repercussions on the global economy."
Al-Enezi continues, “After this collapse, the currencies of the world, the global economy, and economic diversification began to increase, and exchange became common and through local currencies and the currencies of neighboring countries, and China and India became active at that time, which are considered the two largest productive and consuming countries, but their currencies at that time were not strong, and at the end of the eighties, the dollar began to weaken.” Its weight in the market was a result of the Soviet alliance with China and Japan, and now, with the same continuity, the euro appeared to us, fighting the dollar and reducing its value, so that the world turned towards the American currency again.
But now, the strongest confrontation in the role is the (BRICS) group, which is about to create a currency to replace the dollar, but this The group is currently meeting for the purpose of issuing this currency.” He stressed, “The dollar is a currency that must be needed for a long time because the global economy and monetary institutions have not found an alternative to it, as they control interest rates and inflation. The strangest thing is that the United States of America is the most indebted country in the world, but the economic power of the dollar still prevails until now.” .
The dollar prevails
While the economic expert, Nabil Al-Marsoumi, discussed the plan for foreign transfers using a basket of currencies and its impact on addressing the dollar crisis in Iraq, during a post on his Facebook page, which Al-Mada viewed; He said: “In the context of researching new measures to control the large discrepancy in the exchange rate of the dollar against the dinar between the official and parallel markets, the Central Bank of Iraq announced the opening of transfer channels in various currencies, including the Emirati dirham, the Turkish lira, the Indian rupee, and the euro for the purpose of facilitating and accelerating financial transactions.”
In theory, it will reduce import costs and protect exchange rates inside Iraq from the risks of fluctuation,” indicating that “there is caution that this mechanism will leave its effects on the Iraqi economy, which will face the risk of rising prices of foreign goods and commodities directly linked to the rise and fall in global dollar prices, as this decision He will face the challenges of the lack of Chinese currency and other currencies in Iraqi banks, which means that the goods that Iraq will buy from China and other countries will be calculated in their currency, but their value will be paid in dollars, because Iraqi banks do not have enough foreign currencies to settle their commercial transactions. The Central Bank has previously decided Dealing directly in trade exchanges with China in the Chinese yuan instead of the dollar.
Currency basket
Al-Marsoumi continued: “Although Iraq began diversifying its cash reserves six years ago, the dollar prevails because oil revenues are in dollars, and it only has a few of the currencies mentioned, as Iraq today is trying to restore the value of the dinar through a strategy that is now being followed by other official banks in the Middle East.” .
He explained, "This strategy includes relying on a basket of currencies, as the authorities seek to provide other foreign currencies for commercial transactions in addition to the US dollar. It is known that many countries have begun taking the same steps that the Central Bank of Iraq is taking, and others have already begun implementing them, as Saudi Arabia issued a decision that includes obtaining... On the Chinese yuan instead of the dollar in exchange for oil sold to China, while Egypt decided to replace guarantee bonds with the yuan instead of the dollar, before Israel followed suit, which also announced the use of the Chinese yuan alongside the Canadian and Australian dollars as a direct alternative to the US dollar.
He continued, "As long as oil is priced in dollars and as long as oil exports dominate Iraqi exports in light of the almost complete disappearance of non-oil exports, it becomes impossible for Iraq to liberate itself from the US dollar, as Iraq ultimately needs the dollar to obtain other currencies, and therefore Iraq's reliance on... “It will not change anything about the yuan and other currencies to finance its foreign trade with China and other countries, and it will remain captive to the dollar.”
He pointed out that "it is uncertain whether adopting a basket of currencies in commercial transactions between Iraq and certain other countries will help overcome the risks of the exchange rate problem, which means that the issue is related to controlling dollar smuggling more than other measures that will save the country's national economy." And avoid any serious financial repercussions.
It is noteworthy that the Central Bank of Iraq decided, in December of the year 2020, to adjust the exchange rate of the US dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was 1,460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar. link
Janet Yellen, United States Secretary of the Treasury is now on record as finally admitting that Higher Inflation and Higher Yields Are Here to Stay.
“It seems unlikely that yields are going to go back to being as low as they were before the pandemic.” Yellen.
Remember, this refers to the old Financial System. Under a Digital Gold Standard Financial System, we will witness gold deflating an inflated economy.
Our tokenized assets are currently being interfaced into the new QFS allowing us to move into a decentralized system incorporating new banking protocols along with trading protocols that will transform our markets into real values.
It will change monetary values in every sector of the market including Forex. This is why many have called it a Global Currency Reset, but it includes every sector of the market and banking system as well.
The Oil Committee talks about the latest developments in the oil and gas law legislation
Information / Baghdad...A member of the parliamentary oil and natural resources committee, Bassem Nguemish, announced on Thursday that the competent committees have resolved all technical issues related to the oil and gas law, but stressed that "there are political problems that stand in the way of passing the law.
Ngimish told Al-Maalouma that "technical matters related to the oil and gas law have been resolved, but he suffers from political problems."He stressed "the existence of a previous agreement for the State Administration Coalition to pass the law."
He explained that "the failure to compromise some positions is the main reason behind obstructing the passage of the oil and gas law."He added, "The need for this law requires everyone to overcome differences, and compromise for the sake of the people."
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Great evening Mark Mods and everyone
Member: Hoping Mark has big news tonight
MZ: If any of you are questioning if this is ever going to happen …I want to give you some reassurance…..Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: “ Pariamantary Finance and CBI discuss increasing the DINAR and controlling the market”
MZ: In other words they need to remove restrictions on the banks and increase the value…that is how they control the market.
MZ: “ The finance committee expresses its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi Dinar and control the market” They need to change the value in order to alleviate the burdens of the citizens and address the deficit. Value will go up and deficit will go away.
MZ: They are still openly talking about it…again.
Member: Lots of talk…..now we need to see some action!!!
MZ: We still do not know the timing but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.
Member: I think if they tell folks “It’s coming” It has already been done.
Member: So is this the hold up?
MZ: I don’t think it’s a hold up…It’s just us wanting it now.
Member: I was wondering if we waiting on the Treasury for the RV to be released here?
Member: Headline in Iraq: “Iraq announces deal with US to reconsider sanctions imposed on Iraqi banks”
Member: My mom called CHASE in Orange County , CA (city Aliso Viejo) the representative confirmed they are basal three compliant and that the QFS is coming down the pipes.
Member: My Cpa told me today that her banker said they also have the new currency in house, did not know when release day will be?
Member: My neighbors spouse works at Wells Fargo and they are going to a new business model (my words) of WF hubs. All employees will be required to live near the hubs.
MZ: Some world news: “Saudi Arabia to attend BRICS summit “ I am hearing they will join BRICS officially later in the month of April
Member: Are redemption staff on call?
Member: Tomorrow is the Ides of March…..will anything happen?
Member: So many people expecting something HUGE tomorrow!
Member: Hoping for a Golden Weekend and March Madness!
Member: To the PTB who are watching tonight. Please release the RV before Tax day….We do not want any more of our hard earned money going straight to the cabal/bad guys!!!
Member: Easter is on Mar. 31. Will the St. Germaine Trust finally be opened???
Member: Everyone have a good evening…..sweet RV dreams!
Member: LATER FOLKS!!! SEE YA IN THE AM!!!
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar and control the market
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations
The media department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. link
Well, it is positive that what the CBI has stated will happen tomorrow or the day after, but as per the current time I will not have answers until early hours of the morning, but the exchange agents according to the banker are all available to start sending emails or phone calls to start scheduling appointments.
Greetings
Hernan
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TRANSLATE IN SPANISH
Jueves 14 Marzo 2024
00:31 A.M. Hora TEXAS USA
Texas Snake: Dice
Bueno, es positivo que lo que el CBI ha declarado ocurrirá mañana o pasado, pero según la hora actual no tendré respuestas hasta las primeras horas de la mañana, pero los agentes de cambio según el banquero están todos disponibles para comenzar a enviar correos electrónicos o llamadas telefónicas para comenzar a programar citas.
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani took, on Thursday evening, three decisions related to government debts and non-performing private sector loans.
This came during a meeting held by Al-Sudani, with the Minister of Finance, Taif Sami, the Governor of the Central Bank of Iraq, Ali Al-Alaq, and a number of relevant advisors, and in the presence of the Director General of the Trade Bank of Iraq, according to a statement received by Shafaq News Agency.
According to the statement, the meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans.
Al-Sudani directed the Ministry of Finance to begin repaying government debts to the Trade Bank of Iraq, and to prepare a plan to be presented to the Council of Ministers regarding the repayment of non-performing loans owed by the private sector to government banks, including the Trade Bank of Iraq, in addition to forming a joint committee to study expired credits. In order to return its funds to the public treasury.
MZ: I think it’s important to bring this up and hope I don’t cause a panic with it. A person in our community had an interesting conversation. He has a personal relationship with a banker.
MZ:Quote: “Met for dinner with a banking executive. After a couple plates of wings and a couple bottles of wine the banker told me about the basket, or first round is going to be only the Iraqi dinar and the Iranian Rial.
He said those countries are gold backed and their internal banking systems are more set up…more so then the others are. The dong should be ready to exchange by late fall.
The bolivar and rupiah are in the first round but will be later on….maybe even into 2025.
It all depends when these countries banking certs (certificates?) are completed. He did not know about the shotgun start and said it will be easier to roll them out piecemeal. He also said it was to early to speculate on Zim bonds. He said eventually in the next 15 years or so all currencies will be at 1 to 1.
MZ: Guys, this is just one bankers opinion….so nobody panic. But I take it as a very good sign. And its best to be prepared……or What if it does roll this way ????? I thought it was worth sharing ......
Mon. 11 March Texas Snake:I am very, very limited on what I can share. This starts at the top of the food chain and wanders down to our level. The most extraordinary news I have heard yet regarding our position: stay close and be prepared fornotifications very shortly, in days, not months.
Banks have been placed on alert beginning Mon. 11 March. He felt we might get notified on Mon. but exchanging would start a few days after that.
As to Reno and Freight hangers, every airling traveling into Reno has a freight hanger, those being contacted to travel to Reno are providing a tenative arrival time and are being assigned a freight terminal, one they have exchanged and departed the next scheduled arrival is assigned that terminal. If there are 6 freight terminals then each one has been set up to do currency exchanges.
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Banks have been placed on alert beginning Mon. 11 March, so he feels we are close. We might get notified but exchanging would start a few days after that.
With everything re the updated banking system scheduled to begin next Monday it might serve as a distraction for us as well.Nothing new to report as yet, will advise should anything come across.
TEXAS SNAKE
Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments. Will keep you advised as info proceeds.
As had been stated I will be participating in a planning call tomorrow evening, I mentioned this to the banker, his comment was "don't get to excited but you may get filled in on some news should I hear anything from above tomorrow."
They are on call to be at their station within 45 minutes and all have had extensive training
Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.
"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB
TEXAS SNAKE
Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been shared thus far.
"RV UPDATE" BY TEXAS SNAKE, 22 FEB
“Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing Wed. 21 Feb. …
I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”
