forextrader2003: Good Afternoon SteveI,
QUESTION, since the approval of the 2013 Budget is based on the dinar’s RV'ed rate and is a very crucial prerequisite of the RV happening, how long can the RV be held up after the budget approval. I remember you saying that it would not be instantaneous but is there a maximum length of time that it would have to happen after the budget is approved?
Thank You for Everything,
SteveI: Great question and I am not certain on the timing. The budget has to be opened and the new rate made official and everything moves forward. Now with all of the budget vote delays, my guess is fairly quickly. If I would share a guess, it will get plastered all over the internet and taken out of context causing more bashing for no reason, I will just pass on that one for now.
I will say not long and can safely say not weeks but most likely days. They are going to move very fast now. If the parliament does not, the people will pressure them into moving even faster.
I hope that helps.