4-23-14 Iko Ward: WF info as of 04.22.04. Spoke to my wealth manager. I went in to set up my primary VNN and IQN accounts instead of waiting for the appointment.
I asked her direct questions about the exchange. They have had meetings. They will only be doing retail level exchanges at our area currency exchangers (4 locations. I am NW of Philadelphia).
I will be passed on to the WF Private Banking subsidiary after my initial exchange. She knew nothing of contract rates.
I will still have my everyday money at the local branch. She asked how much I had. I told her it was best not to answer. This was all she was allowed to say.
What was different this time is she was rehearsed, no hesitation, clearly there has been some training and since she is on the fast track in their wealth management division she was towing the line.
She also told me the guy I had been dealing with on the next level up would tell me the exact same thing, and that he was being promoted.
I take all this as simple evidence of the pending event. All of us, me included, go through the worst case scenario, but conversations like this help me stay level headed.
Whatever bozo said something about two years this week pushed my buttons, but then I went down my checklist of how does that make sense? (a permanent saying now in my list of ten things to say) which always calms me down.
I still plan on the international rates, but have also planned scenarios for the contract rates. Whatever the case, I am wealth
4-23-14 wmawhite: There are articles out today suggesting that the new secured currency is being issued.
Quote: "We are replacing the old currency with a new one be of the characteristics of high quality in terms of printing and the inability to forge and tampered with."
He pointed out that the procedure, "will give the Iraqi dinar a large force in front of the rest of the other world currencies, as well as the ease of carrying and trading groups yellowed cash in banking transactions and the buying and selling and monetary exchange."
This great news!!! For this currency to "work" there needs to be a change in the value of the IQD.
IMO, Iraq wants to make a big splash...get the world's attention...a float that you are dependent upon the world doesn't get them there quickly, IMO...the CBI is telling us so much.
The only thing they are not telling us is how much. From their action they are doing things that indicate now.
I am of the opinion that when the CBI make a change in the value of the IQD they will wants to leverage as much of it as possible...starting at 1166, or 1000 or anything less than a $1 to 1 IQD gets them nowhere on the world financial stage.
(Are you in agreement with rk and bgg that it should go before elections?) My opinion is that this is a financial event, not a political event.
When the CBI does this in conjunction with the IMF/WB it will be based on their calendar not Iraq's election calendar, IMO. It can happen before, after, it doesn't matter, IMO.