1-8-2012 Guru Purplehelmet300 Best I heard was a high rate - then settling to above KWD...Not sure how long will stay high!
1-8-2012 Guru Blaino Revaluation target sighted, locked in and we are ready to fire at that FAT Pinata! I am more and more convinced that there will be NO ANNOUNCEMENT, per say...rather some vigilant person (one of THOUSANDS) will recognize that the IQD is trading and I think that's how the news will come...we are in a time frame measureable easilly in days or even hours.
1-8-2012 Guru Doc We see it as no surprise that the RV did not occur this week...there are certain items that need to be in place to support the RV. It was stated in an interview earlier this week with Ministry of Finance persons that the RV would NOT happen until Parliament passed certain laws. We believe this to be...currency law. the CBI has full control of exchange rates but Parliament must approve items such as the restructuring of debt, the issuance of government debt and new currency. This we believe is one of the keys to what Shabibi has been waiting. Unfortunately we can find no indication as to when this will be addressed by Parliament. We believe it will be soon since it should be priority to Iraq moving forward. However, we caution all to remember the wheels have turned slowly in the past and this easily could take several more weeks. We report, you decide.
1-8-2012 Guru Bluwolf we still are waiting for the final numbers to match in and get locked down, it has been taking up more time than usual right now...I think its like going into 40 hours, but we are almost done...everything is still on track.
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