RE: "Special Frank26 Video Update" - Thurs. PM KTFA Thoughts
Seven » October 14th, 2016
Thank you so much for the video Frank. Your opinions were very clear. I have always believed that there could be a few logical possibilities of how the CBI/GOI could make the change to the rate and introduce the lower denominations. What each of us as investors and students should always do is have a plan for all possibilities.
A 1 to 1 rate in country makes sense in order to exchange USD and IQD (with the three zeros) notes to be deposited in their banks. It will be interesting to see what path the CBI/GOI/IMF take in the next step.
Frank26 » October 14th, 2016
Yes ............... IMO the TRANSITIONAL RATE started seconds after they were ................ WHITELISTED.............. IMO the next two weeks will show HOW the IQD is being used by the IMF and Iraq. They do NOT have to EXPLAIN anything until the CBI has the new rate for the International markets........... Understand?
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