EXCERPTS FROM MARKZ, 2 JAN

EXCERPTS FROM MARKZ

Member: What’s the latest rates you have heard on dinar and dong Mark?

MZ: the latest I have heard is about  $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00….. Most of my sources are still telling me to expect it in the $2 dollar range

MZ: “Central Bank of Iraq has announced a transition for the electronic platform to banks with foreign transfers”  This is INTERNATIONAL now!

MZ: “The CBE announces the official closing of the dollar selling window”  Auctions are done and closed and they have announced the transition to the new process.

Member: Cut the talk- we want action. let's see them smaller notes in action

MZ: There was no auction today.

MZ: “Central Bank announces a major achievement in foreign transfers” So many articles and I only shared a few but, there is a lot of excitement in Iraq.

MZ: “Central Bank: We have started working on the Correspondent Banking System”  this is the new system with international standards….

 MZ: “The general authority of customs adopts the AYESCUDA system and deposits paperwork in a major reform step”  This is a worlds standard amongst all the nations. This is starting today.

MZ: “Comprehensive guide to trading the Iraqi dinar (IQD) on forex”  lookee here. BAM International guys!!

MZ: A number of people have checked in and they are very excited about the education and conversations in Iraq. The talk has been overwhelming about small notes…..or lower denominations….this is from government and banking employees throughout Iraq. Why d they need smaller notes?