Wednesday, April 30, 2025

MAXIS: They do expect a revaluation

  Maxis 

 I am in Baghdad (Green Zone). 

 A few of my guys [Iraqi employees] have [bank] accounts but they have not deposited their large notes until they are sure about the new lower notes and a revaluation.

 There are no consequences if they don’t [make a deposit]. The GOI has offered bonds but they are weary of these.

 They do expect a revaluation but all it will mean to them is cheaper prices on goods and services. Yes they are [excited about purchasing power] but they are getting frustrated about the delays.

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