SydneySam2: What I got from the cc last night and reading the notes is that even if the CBI changes the rate this weekend ... prayerfully (or even this year) that the rate will not be 1 to 1 (when we may possibly decide to exchange a little) till next year (possibly January).
I was under the impression that once the rate was changed in Iraq they only have up to 30 days to change the rate internationally to a 1 to 1 (or whichever rate it comes out at) for the entire world.
Is this correct or am I totally misunderstanding this concept?
I am still confused after last night's cc, as we have heard anywhere from 3 to 30 days for the rate to change once changed in Iraq.
I would appreciate any help in explaining this.Thank you!!
Alragrossman: the rate will be a reality but it will take a few days to a month for them to finalize things internationally and become Article 8 compliant
Thor: Hello Sydneysam2. A question and answer on last nights call may answer this. From the notes:
"Question: Frank if I am reading you right tonight the RI is 1000 to 1 and then after the first of the year 1 to 1…then after that 3+…..Answer: Yes this is a generalization…but it is a good opinion no doubt."
So it may transition to 1000 to 1 - which I believe Frank said it could quickly be moved to 1-1. Will exchange's be able to happen at 1000 to 1? We'll have to see. According to the question and answer a 1 to 1 rate is next year.
Frank26: Or the 1 to 1 maybe Sunday or when they wish to do it for the Citizens.............. For us this 1 to 1 will float by market value.
Jay: Remember all was in Frank's opinion. With that said. 1000 to 1 and they have 3 to 30 days to show the world. Then 1 TO 1. Then float starts begining of 2017. Thats what I got out of it.
Frank26: This too is a possibility of the TRANSITIONAL RATE of the IQD
Frank26 Special Video Thursday Night 10-13-16