Monday, April 28, 2014

MALIKI ANNOUNCED A RE-INSTATEMENT OF CURRENCY SATURDAY NIGHT

On 4/28/14,
> HI DINARIANS:
>
> I DON'T KNOW WHETHER YOU ARE LISTENING TO THE TNT CALL OR NOT, BUT THEY
> JUST TOLD US THAT P.M. MALIKI OF IRAQ ANNOUNCED THE RE-INSTATED VALUE OF
> THEIR CURRENCY ON SATURDAY NIGHT.  HE WAS SUPPOSED TO DO IT SUNDAY NIGHT,
> BUT JUMPED THE GUN BY A DAY.  NOW, THE UST IS SCRAMBLING TO GET THE 800
> NUMBERS OUT TO US SO THAT WE CAN GO TO THE BANKS.  I WILL KEEP YOU INFORMED
> AS THIS PROGRRESSES.
>
> KEEP IN MIND THAT THIS WAS A "RE-INSTATEMENT OF CURRENCY AT THE OLD RATE".
> THEY ARE ASSUMING THAT THIS RATE WILL THEN BE $ 3.22.
>
> NOW, WE KNOW THAT THEY PUT $ 3.71 ON THEIR CARDS OVER THERE AND THE BONDS
> SOLD FOR $ 3.71, SO WHY WOULD THE $ 3.22 BE A GOOD THING.???
>
> WELL, AS THEY ARE EXPLAINING THE REVALUED RATE WILL COME OUT HIGHER BASED
> ON THEIR ASSETS, AND A PERCENTAGE OF INCREASE DUE TO INFLATION, ETC.  THEY
> HAD TALKED ABOUT RATES MUCH HIGHER FOR SOME TIME NOW BASED ON THE ASSETS
> CURRENTLY OF THE COUNTRY OF IRAQ, SO THE RATE WILL SETTLE HIGHER AND WE
> DON'T KNOW JUST EXACTLY HOW SOON THAT WILL BE.  IT MAY HAPPEN RIGHT AWAY OR
> IT MAY TAKE TIME.  THEY ARE WORKING ON THESE AGREEMENTS AT THIS TIME.
>
> SO, IF THE RATE DOES NOT CHANGE REAL QUICK, I WOULD SAY DON'T CASH IN THAT
> MUCH UNTIL IT INCREASES.  TIME WILL TELL ON THIS AND WE SHALL WAIT AND SEE.
>
> THE CALL WILL NO DOUBT GO ON UNTIL ABOUT 5:00 P.M. TODAY AND I WILL HAVE TO
> DO ANOTHER EMAIL WHEN I GET MORE INFORMATION.
>
> TONY WILL BE HAVING ANOTHER CALL WHEN HE GETS A COPY OF THE NDA AND BANK
> CONTRACT AND 800 NUMBERS, ETC. AND WILL THEN GO OVER ALL OF THIS MATERIAL
> ON THE CALL.  IT WILL BE IMPORTANT FOR ALL TO BE ON THIS CALL I WOULD SAY.
>
> SO, I WILL EMAIL LATER AND THIS IS ALL FOR NOW.
>
> ART

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