Bossman07: Today is the 10th day following the RI announcement on April 26. Just as Kuwait revalued its currency ten days later! Today could be a good day for us to see our prosperity!
OkRocks: Bossman its being said, change that to 10 business days
Bonky: Seems to me that Iraq only has 2 business days a week, the rest are HOLIDAYS…lol
Peaches1 : The US is scrambling because the RI disconnected the IQD to the GCR creating an opportunity for investors to buy VNN, etc by the truck loads. Seems apparent from where we sit that the PTB can only stop this by either 1) restricting purchases of the other currencies or 2) instituting the GCR. The former is probably illegal, so the latter is more likely the objective
Kantoday: it didnt happen on a business day so why would u count only business days? ....
Normanross wrote in Chatbox this morning: "I believe they have four days wiggle room starting tomorrow because according to ICC regulations a country after announcing an RI has ten days to go public. That does not include weekends, only working days. so they could legally take this to Friday because Saturday is the 10th, unless they hold off until the following Monday."
JDA: Iraqs work days are Sunday thru Thursday. So depends on who's workdays are used to determine the end date. If it is Iraqs then it would be Thursday. If it is the western world then either Then it would be Friday. IMO
Bonky: We should all join hands and sing, "We Don't Know Squat"
Bamaltc: Bonky... I love that song. Lol
Bamaltc: “Gurus" are lining up. Looking like same team. On goal line. The center is standing over the ball.
GatorGuy: [kenster] So possibly we could see this by this weekend? [millionday] we could see this at anytime hun - the announcement was a public one
GatorGuy: [sunnyca] millionday Were you saying the imf said we should see the new exchange rates within 48 hours??? [millionday] sunnyca no
GatorGuy: The 48 hrs is for the budget reading
GatorGuy: [cookie] So , you don't think this is talking about the RV by the middle of this year, but the currency availability?? millionday] no i think this means that the three zero currency will only be available until the middle of the year and they will no longer be able to allow people to use it for the reason given -- it is just too much cash to have with all of the denoms and coins
CAS: I think IMF want rate change now then budget with in 48 hrs
GatorGuy: [babe688] I am confused some news says the budget wont get passed until the new parliament gets seated and this news says they have to do it now. [jtank] Above stated reality rate now so we will be trading in our zeros . [millionday] i have read from all the sources i trust that this parliament will be passing the budget within days -- this report states two and they have also stated that it is the only thing they are doing and began yesterday with meetings on it and are now stating they are voting it through
Gatorguy: [smiller67] This might be a dumb question, but which comes first? The Budget or the Rate? [millionday] they are obviously trying to do everything at the same time but CBI has made it clear that they will fund the banks with international projects and activate the entire banking /economic /monetary policies
Gatorguy: [larrykn] the three zeros your talking about above is only in Iraq right [millionday] yes they mean that they will remove them from circulation by the middle of the year entirely
GatorGuy: [faith1] when was the public IMF announcement ? and a public announcement of that could cause a run on the money? [millionday] the announcement meaning both the CBI on the banking and the setting of the rates was done ---- TODAY MONDAY
Gatorguy: [millionday] this has been fun so know that we are waiting on them to actually set whatever the rate may be -- so it appears that they have met all criteria to move forward in international banking and open the international banks etc -- very exciting and encouraging
gatorguy I am getting more details.. but the IMF ordered Iraq to set the rates external -- this means the USD so the rates for foreign exchange can reflect them. they will set the as it calculates. Not a 1-1 rate against the USD. they have told them to do this now
Gatorguy: Success!!! Recaps didn't get me!!! hahahahahaa I win