MarkZ
[via PDK]
Question: Mark did Iraq ever revalue their currency before or will this be the first time?
MarkZ: Iraq has revalued its currency 4 times in the last 120 years. There is a lot of historic precedence for this. I believe it was in the 1970’s that we last saw Iraq RV a major move “up”.
Bond people possibly starting getting paid has nothing to do with the rate we will get on currency.
They are two separate gigs. But if they are starting to receive dollars - it very much tells us it is soon. Do we know when? No we do not. Not yet... Some of the bond facilitators have gotten spendable dollars
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