1.Today April 18 the Central Bank of Iraq gave their regional banks procedures for turning in old Dinar notes.

2. Today April 18 the CBI was exchanging Dinar for the new lower denominations.

3. Today April 18 the Iraqi banks were given a window to activate their ATMs (within 24 hours?).

4. The window was between now and next Tues. April 24.

5. In Baghdad on Thurs. April 19, Fri. April 20, and Sat. April 21, they will be exchanging three-zero Dinar notes for the lower denominations. Any time they do that, it’s another step towards revaluation. They are not going to hand out fils for people to hold onto for six months until they do the RV. The only way those lower denoms and coins are useful is if they change the rates.

6. This also gives Kurdistan a window of when to expect the ATMs to go live (Thurs, Fri. or Sat.). They were notified that there will be 24-hour period when the lower denominations will be available from the ATMs.

7. This morning we heard from our banking sources to “be ready to see some action from Fri. April 20.” They sent that date to the committee, and of course they already knew the date and time. That date was solidified on Monday. If this information is correct, you can start looking for this on Fri. April 20.

8. I went to the bank today, and there was a memo saying to come back on Fri. April 20 and we’ll be ready to exchange you.