Frankie says...

[bostonangler]

The CBI sent the Gazette an announcement on May 14th. In the May 21st issue the Gazette published a notice the CBI would be making an announcement. Speculation that the “announcement” could be about the re-instatement of the Iraq currency or Article 8 meaning they are International. Lifting restrictions on the currency and providing modern banking products is done by law in Iraq.
Yesterday there was an article out that said “immediately” which was interpreted to mean the introduction of the small notes as the environment is now “suitable.” Article in the newspaper that the Iraqi Dinar is equal to the USD. Dollars disappearing from the streets. The rate has to come first before showing the lower denominations. The banks are showing descriptions of the lower notes. ATM’s have new software and the billboards have been ready for some time. They describe the LD’s but do not show the coins/fils.

 

 

Sorry if this has already been posted...

B/A

 

[skeetdog]

Thanks BA...Guess the CBI is vague about 'when' this announcement is to be made....

[bostonangler]

16 minutes ago, skeetdog said:

Thanks BA...Guess the CBI is vague about 'when' this announcement is to be made....

 

I was hoping someone here could see if it was in the Gazette...

 

B/A

[IQD=freedom]

Thanks BA! Is this from a guru or real news?

[navira]

BA, yes that is correct. It was posted by someone, dont know if it was yota ....no one knows what that announcement was....

[bostonangler]

13 minutes ago, IQD=freedom said:

Thanks BA! Is this from a guru or real news?

 

Sorry but Frankie is a Guru by every stretch of the imagination. 

 

B/A

[new york kevin]

Sources or links my friend. Cool article either way. Skeptical me for reasons you know already. Been here to long et al. Peace.

[Karsten]

I just finished listening to 2 hours there abouts of Frank and his pals and my take away was they are thinking that the 2% 90 day deal might not have anything to do with this and they rate change from 1186 to 1190 is a good thing. The CBI can't keep the auctions going and be losing money at that rate so they are thinking this is very close to happening at any time....The sooner the better for Iraq as they need to start using the IQD in country as well as Import/Export.

 

Heck if I know anymore now than I did before.

 

Karsten

[Hammerknocker]

2 hours ago, bostonangler said:

 

Sorry but Frankie is a Guru by every stretch of the imagination. 

 

B/A

Especially his own