EXCERPTS FROM MARKZ
Member: so you hold it in an account like that to just wait for an increase in it's value? Sounds good
MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other. If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.
Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!
Member: Still hearing no RV until after the inauguration.
MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening…… ..late this evening
MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.
MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?
MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.
Member: MilitiaMan is excited
MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.