Aggiedad77 » August 12th, 2015, 10:35 pm
Some have asked about the "dessert" from last night's Bible Study CC....the "dessert" that I served up at the end of the call....well here goes:
First I mentioned post 192 from the thread dated 08-10-2015.....there was an abundance of news from Iraq in that thread, but post 192 I talked about the COM meeting that is to happen tomorrow....Thursday....
They mentioned it would contain some "sudden and important" information.....to me that is key....and it would be really special to many people, us included, if some of this information would include their plans for things like the HCL, the Investment Law, the National Guard Law....anything they have been dragging their feet on....some of these have been delayed for a number of years....
I also tied this to the announcement that Speaker of Parliament Jubouri made earlier in the day that Parliament is going to be refocusing on getting laws passed....they would read a law....then Parliament would only have 14 days to get the second reading accomplished, followed by only a max of 14 days to get to a vote on a law.....their version of "fast tracking"
IMO.....tomorrow should shed much light on the near term direction of things for the overall government I think.
Ok...that was my thoughts.....now for what Frank shared with me prior to the Bible Study CC:
(Frank) In Our Opinion...and mind you there is no desire here to pose a date of any kind....understand that
When a rate is finally given....what may be seen is a period of time when brokers will stop selling their currency for a period of time....what kind of time period....no one can really say....it could be dictated by different parameters they are given at that time....special instructions if you will...
Maybe as short as a few minutes or an hour up to a day or more....this will be their time to make changes in their web sites and purchase plans to accommodate the new rate.....
We believe this may be determined to some degree by the amount of currency that has been returned to Iraq at that time, and we know from news articles that money is finding its way back to their banks.....the reforms are already at work and money that left under corrupt circumstances is being identified and returned......thinking about this....it is a logical situation that we may or may not notice happening depending on how quickly it is allowed to happen.....WINK.
The RIDER and provisions of the HCL have not yet been used....IOO (In Our Opinion) .....but they appear to be in the mood to do so.
Short and sweet....for sure. Aloha Frank/Randy