KTFA (Frank26, Walkkingstick & Samson)

Walkingstick & Frank26:  They’re once again talking about the exchange rate…who are the only two in Iraq that we pay attention to?  The CBI and Kazemi…Kazemi is talking all over the place and it started on Monday…it’s important to understand the White Papers is a big topic with Kazemi…He came out…just pounding the stick…He’s pushing the White Papers.  He’s pushing it to the citizens.  He’s selling it to the citizens…’Since I came back from D.C. Wooo!’ The new exchange rate is wrapped up in the minutia of the implementation of the White Papers…

Frank26:  Both the IMF and the AMF are saying raise the value of your currency…lift the 3 zeros from your exchange rate…that’s old news.  It’s so old it’s Greek Mythology.  But only the AMF is asking them to join the GCC.  They both have the same idea – one ‘unified currency’ in the Middle East.  No.  Absolutely not…Iraq wants to stand alone! …the Iraqi dinar wants no part of this…there is  a date to change the notes and change the exchange rate.  That date is still solid as a rock… ‘Unified Currency’.  You’re going to start seeing that and when you do you’re going to be well ahead of the curve…this issue is actually forcing that date to maybe come sooner than they expected.

Samson:  Venezuela changes the monetary unit of its currency

5th August, 2021

The Central Bank announced today that Venezuela will change the monetary unit of its currency and will delete 6 zeros from it for the second time in 3 years to fix the deteriorating local currency, the bolivar, in light of the collapse of the economy.

President Nicolas Maduro cut five zeros from the currency in 2018, in an effort to simplify complex transactions and accounting processes.

“The value of the bolivar will not change in any way, and in order to simplify its use, its monetary unit has been simplified,” the central bank said in a statement.  LINK