Originally Posted by
neno
he just PM'ed me for some info. Just so happend I was on the phone by a surprise call from my friend.
He told me the Market rate is at 1243 right now and it has been doing well. I ask about the RV this time bluntly.
He said that Iraq has been invited to a Arab Meeting next week were other countries will be arranging to reval their currency. And Iraq will be there. I told him that we read about this in a Article out of the Media just resently. He said believe that one. lol
I ask him on the ISX timing. He couldn't give me a timeline but said they are ready. I ask can you go in alittle more depth with me, He knows I want give it him. So he told me his Bank in Iraq freind said that Iraq will have to RV before the ISX Opening.
Now this next part is just his opinion, but I ask him for it. I Ask What Amount. And as always he is very timid on that and said he would say $.03 to $.05
I went on to say noway, big investors will buy up right. He laugh and said, tell all your people to hang on to their dinar, this will be a hook and grab. I said what is that? He said that people will cash-in so fast on that rate itself, that other countries banks will be jumping in like flies on stink to capitalise on their early short comings. This is when the Big Investors will come. The rate will climb and climb.
Ok that is mainly it. Hope this is all Cool with the Gang. If I ever get more, you know I will bring it.