SteveI - Ray Email 6/21
I had a contact of mine translate an article that Fresh had posted on the forum. Here is what he said. The article was a meeting between Maliki and Shabibi yesterday. Maliki was talking about corruption and how to reduce it. Toward the bottom of the article, Shabibi started talking about dropping the three zeroes and the exchange rate of the dinar. My contact told me that there was some contradiction in there. Shabibi is telling the people that they are going to drop the three zeroes. He then said it would not affect all the conditions of the Iraqi economy. My contact seems to think he is implying that it won’t affect the economy negatively. The article also states that in the next week to 10 days that the people of Iraq will have to get use to a new currency that will be issued.
My contact stated that this sounds like Shabibi was talking about the RV coming by June 30 which fits everything else that has been coming out. Attached is the link to the article. I believe this is very positive news and we are still on track for the RV.
From reading the entire article, it seems to be that we are approaching the finish line.
God Bless you and your family,
BigPoppa - The speech from Shabbi yesterday and the intel delivered by Delta has got everyones head in a tailspin. So as my usual I decided to find out so I reached out to my friend in Dubai.
I was told this 'An Internal audit was done that says our country can suppport a rate of 0.86 to 1.30 but as I said the rate will be one that is competitive and the revalue of this currency will be by months end.
Now keep in mind folks I am paraphrasing this as told to me in a synopsis of the speech and what Mr. H took from this speech., Stay thirsty my friends we are there. The part that I like, at months end. Tony, Check and Elsie keep us grounded so stay there we are there and this is what I believe.
NOTE - IMO Shabs does not lie. But I believe the lower rate MAY refer to the supplimentary budget analysed by Scooter and given in a previous post - take a look - and then relate it back to what we are now hearing ...
(Having problems with my server currently - link may be off-air for short periods 6/22 Aus time)