Guru Nader From The Mid East
[Iraq former government/UN employee friend Imad from Basra update]
Question: “Have they come out with the new notes in Iraq?” No. They working on it.
Intel Guru MarkZ
[Using PDK] Mark might therefore RV tomorrow night. Mark Z: Though we are not sure, there is definitely a lot of conversation.I have heard; things are moving and it has begun. I contacted bankers and those in redemption.and they have not yet been informed; they are on “stand-by”. They haven’t heard “this is it” yet.I sense the general process has begun. Perhaps simply not yet reaching the redemption aspect.They seem hopeful they could finish before the first part of the week.
Newshound Guru Buckeyetree
Regarding new money, cheaper notes, tells Iraqis that a rate adjustment will bring with it purchasing power, thereby enabling them to buy more with less, the reverse of inflation. Until they can assign the new rate, Alak and Sudani are holding back the lower notes. The Iraqis win; we also benefit as a rate adjustment calls for fresh notes.
Newshound Guru Samson
Article: “Parliamentary Wealth: Oil and Gas Law Stalled in Government Halls“
Intel Guru MarkZ
From Iraq, they are providing national and achievement bonds; this is something they have not done since before the Iraqi invasion in 2002–2003. According to my contact in finance ministry, this is truly important. He is telling me that these sovereign national achievement bonds they are selling come from under US supervision. He advises looking forward a new rate shortly.
Newshound Guru Militia Man
Corruption…At the very last minute you’re gonna do somethin’ that’s dramatic and you’re gonna create value, you’re gonna wanna have all the bad folks under the gun and maybe even notified prior to that we got your number….
Intel Guru Frank26
[Iraq boots-on-the-ground report] FIREFLY: We see Saleh again on TV. This is the second time he is talking to us now about the float. He’s saying the float can be adventurous. We intend to have it fixed. Ours will be fixed, or managed float. That is what’s best at this time for Iraq and our currency. He went and talked about how. we went from 11,000 ATMs to over 55,000. in gas stations alone. FRANK: Ever since the United States Treasury showed up last week they just cannot stop talking to you every day on the television about the success of the monetary reform.new lower notes.the new exchange rate.Now it’s gone way deeper into the float.
Newshound/Intel Guru Mnt Goat
Article quote: “Introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years.” How could this possible “lop” when they will be trading and using these bigger three zero notes in the background for ten more years following Project completion?So kindly stop posting negative information about a LOP!
Intel Guru MarkZ
[from PDK] Any language regarding the HCL in Iraq? markz: It is still under review in the Parliamentary committee to rework a couple of the paragraphs.It will subsequently pass to parliament.Any day might be used for this. When approved, you won’t have to ask.I will be shouting it out.
