THE MEAT OF TODAY'S TNT CC, 2 SEPT

THE MEAT OF TODAY'S TNT CC, 2 SEPT

Info coming out of multiple sources - very emphasisd

Friday stages being built for celebration this weekend, CBI and Big Iraqi banks went out into the marketplace throughout the country to train the tellers, clerks, hotels etc... on the lower denoms. That morning the announcements went out into the mosques that the currency was imminently changing.

The bank memos said this would happen within 48 hours on Friday.But, we're still here.

Sunday morning a military parade occurred and announced currency INTERNATIONAL.  Congratulatory letters and phone calls went out sun and mon. to Iraq celebrating this. 

It's been very quiet when Tues. came around for Iraq wondering where this currency change is

Russia invaded Ukraine had directed attention off of Iraq and that possibly might speed this up.

Banks ready here - testing proved out and they are prepared.

Timeline is on a 2-14 min pull time to execute. One window has passed.  We are within 2 more. Turki, LaGarde,& Abhadi are the authorization.  Iraq sent to IMF (facilitator) and BIS (technical/computer/legal) - sent to the banks with a HOLD and when the GO is given it can take 2-14 min. 

Plan was for this weekend.  Today we were supposed to be at the banks.  But, there was a PHONE CALL between "world leaders" to wait  and go with the other three windows instead.  Very open and upfront and not underhanded move. But, it was AGREED to.  More can't be said.

Tony and DC don't want to do an expose' and emphasized they are here to help this process not force our govt to do anything.  

Another Qi card story $3.71 rate!

Banks had a rate processed at a level just above the street rate but the process was stopped before the street rate was released.

Rate is "live" in the sense that RV'd funds are available for businesses and international travelers can use their Qi cards at the $3.71 rate but AVERAGE IRAQIS AND AMERICANS DON'T HAVE IT.  YET!

Packages for Tony and DC are NOT going to be forthcoming as of today but they feel like they will at least get a phone call in to help us exchange.