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Thursday, May 8, 2014

MARKZ UPDATE, 8 MAY

5-8-14 MarkZ: Iraq is supposed to release its budget tomorrow (Thursday) which we expect to hold the new rate.  (What proof do we have there was actually an RI in Iraq? And, if there was an RI how long can it go one until an rv is triggered for us in the US?)  Multiple confirmations on RI. The problem is a country can RI or even rv internally and the rest of the world does not have to acknowledge it.  Especially when the currency is not internationally recognized. The key here is for the IQD to become an internationally recognized currency and then the RI or rv surfaces everywhere.

(Who is ultimately responsible for the approval and final release of a currency release to the international community? IMF, Iraq, US, someone else?)  As I understand it the IMF will release it to regional level and once the controller of the north american banking block pulls the trigger then the world will acknowledge the reset. 


(Tday someone indicated WF was showing dinar, Zim, VND, rupiah at the screens on hold..your thoughts?) Highly likely, I spoke with some other bankers that said they had a rate showing. 

 (What is the end date for this to go? Is it this month? I believe it to be this month.  

(vnd, zim, rupiah all with dinar?) I am looking for them at the same time.
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5-8-2-14   Intel Guru MarkZ    Iraq is supposed to release it's budget tomorrow [Thursday] which we expect to hold the new rate.  [what proof do we have the there was actually an RI in Iraq? And, if there was an RI how long can it go one until an  rv  is triggered for us in the US?]  Multiple confirmations on RI. The problem is a country can RI or even rv internally and the rest of the world does not have to acknowledge it. Especially when the currency is not internationally recognizedThe key here is for the IQD to become an internationally recognized currency and then the RI or rv  surfaces everywhere.

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