EXCERPTS FROM MARKZ, 3 JAN

 EXCERPTS FROM MARKZ

MZ: Things are still looking good.

Member: (From Dinar Guru) Guru Mnt Goat  ...my CBI contact...told me that the next in-country rate change of the dinar is coming and sooner than we might think.

MZ: I am definitely hearing that….and conversations in Iraq abut “small notes” (lower denominations)  . they would not be talking about this in Iraq if the dinar were not about to have a higher value.

MZ: Still zero news on CMKX and I expect to start hearing bond news starting this afternoon. Folks are arriving at their destinations and hope to hear from bond folks and groups by tonight.

MZ: “Closing the dollar selling platform: US directive raises concerns about market stability and rising prices”  Auctions are different now…going through 7 banks and are titled “Overseas enhancement requests.” The new system is up and running….things have changed drastically and we need a little time to figure it out.

MZ: If things are working- I was told we would see HCL and a value change in a couple days. If things are working as they are supposed to – we will see a full international and capable Iraqi banking system

Meber: This statement from the Central Bank of Iraq (CBI) signals that Global Odeme Hizmetleri is now authorized to handle foreign remittances alongside Western Union and MoneyGram.

MZ: We continue to get reports of the closing of the auctions. “At last : Salaries of Kurdistan region employees to be delivered next week” I was told it will be on Sunday from a great contact who said money is liquid and in place after the holidays .