7-15-2012 Hammerman: The rumors about the IQD showing up on the London exchange at 7.65 is correct. I had that information on Thursday but didn't say anything. I did show up for several hours on the exchange.
Tier 1 level cashouts have already started and there are rumors of Tier 2 cashouts but we can't prove it yet. Tier 1 has definitely started though. Someone is walking into the bank to handle my Tier 1 cashout, that's how it will work for me.
The rate for the IQD is over $7 right now for Tier 1. I'm hearing around the 24th that they will hold the National Meeting. I got word last night that Iraq was cashing in a transfer of IQD into USD inside of the country of Iraq but I can't prove it yet. I got a text a little while ago from a Iraqi contact that said inside of Iraq the IQD is worth $4.78.