EXCERPTS FROM MARKZ
Member: A friend says it could go on the 20th – and it would be a 3 day weekend.
MZ: I was told a 3 day weekend is the easiest…I do have some bond contacts now saying their funds won’t release until the 21st…after the inauguration. We will see
Member: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st?
MZ: It is absolutely possible. Similar to how Kuwait did theirs….In a nutshell….Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.
MZ: I am getting some very yo-yoish news. There are still a number of banks expecting and being prepped for a rate between now and Saturday. I hope that happens.
MZ: It is confusing though because I have a couple of bond contacts who were informed by their paymasters that they would not distribute funds until after the 21st because they do not want the credit to go to the currency administration. That is what they are hearing.
Member: That makes sense to me…..less than 2 weeks away now.
MZ: But the banking side still believes its earlier….Groups have been silent for the last day or so. I believe its very close and the yo yo news means they are still doing their best to cloud the timing
MZ: What we do know is they are doing the preparations right now to make this happen.
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