EXCERPTS FROM MARKZ
Member: any news on the Venezuelan Bolivar?
MZ: Still hearing it’s in the first basket.
Member: (From dinar Guru) Mnt Goat : Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate. Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming...
MZ: I have to agree with this one and there could definitely still be a rate change coming.