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Friday, December 25, 2015

STEVEI TIDBITS, 25 DEC

CBI quote: “To / all licensed banks and licensed money transfer companies and all financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate) 12/20/2015
There has been a CBI pdf file floating around and we…got a few people to read and interpret it as to its true meaning and intent. This is not from an on translator, but real people over there in Iraq and here.
So here is what this really means. I think it is very positive and very telling. Many banks, money exchanges, brokers and financial institutions have been questioning the CBI because they heard or was hearing that the currency value (RI/RV) had taken place or they were asking the CBI when it will happen.
The CBI had then published the announcement (see below for actual document) on the CBI website and what the CBI was telling them was no, it has not re-valued yet but they will publish the formal notice on the CBI website when it does and they will be notifying the rest of the world as well when it does.
 
The part in bold is very positive because the CBI could have simply said, not is has not changed value nor will it every change value, but just the opposite.
 
I love this news. We still do not know when, but my guess is not to far in the distant future.
 
Please spend some quality time with friends and family because that is free!!!!
 
To / all licensed banks and licensed money transfer companies and all financial investment companies and broker the buying and selling of foreign currencies approved all companies (foreign exchange rate)
12/20/2015

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