Well Greetings everyone.
Yes, I am aware of what is happening and has happened.
I believe that this is the day to remember for the Iraqi citizens and the country in a whole.
Being removed from Chapter VII Sanctions and being placed into Chapter VI is a huge step in what was needed for Iraq to move forward as an economic giant. And this they will be. Give them time.
So you all are probably wondering the very same thing we are, when and what is next? It is like a game of chess, they will make the next move when they are ready.
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I am hearing that things are being put into place, and we have no choice but to wait it out. We all have come this far, a bit longer should be a piece of cake.
Ray and I had a call with a few people today and we feel that in order to control their economy, they will need to make some sort of adjustment to their currency in a reasonable amount of time. This is something that will not drag on.
Now I would like you all to start watching for the news of the budget being opened and disbursed. This will be very telling as to the timing of the revaluation.
Sitting and refreshing the CBI website every couple of minutes is not healthy. We will know the moment it happens. We have many contact in Baghdad that are watching for us.
I will be on this post for awhile tonight and chat if I can so if you have any questions I can answer them.
I am so happy for the Iraqi's as they have suffered enough.
Remember, Ray's contacts have been reporting back to us that the media is telling the citizens that they are going to revalue their currency one to two days after the removal of Chapter VII. I think at this point in time, they best stick to their promises and plans.
You all have a safe July 4th holiday. FYI, I am not saying after the 4th. Let's get this clear now. Blessings, Steve
Steve: I do not think Iraq will do much on their holy days Friday and Saturday. This is why after those day would be more realistic. Blessings, Steve FYI, I am not saying after the 4th. Let's get this clear now.
superwomanx2, on 27 Jun 2013 - 8:27 PM, said: Steve, do you feel that everything else is in place that needed to be complete for the RV to occur? TIA
Steve: for the major issues, yes but I think there is a few minor necessary final paperwork that needs to be completed to move it forward. Blessings, Steve
rillack, on 27 Jun 2013 - 8:23 PM, said: Apx. what's it going to revalue at?
Steve: I have not changed my mind on anything new. Still going what my previous predictions for so many reasons.\ Blessings, Steve
Creed123, on 27 Jun 2013 - 8:23 PM, said: Still thinking a rate change before EOM?
Steve: I am optimistic and sure seem like an achievable goal. Blessings, Steve
Steve: Remember, Ray's contacts have been reporting back to us that the media is telling the citizens that they are going to revalue their currency one to two days after the removal of Chapter VII. I think at this point in time, they best stick to their promises and plans.
MemphisMan, on 27 Jun 2013 - 8:36 PM, said: Earlier today it was posted that this is just not true. Your thoughts?
Steve: What is not true? I have no clue what you are talking about.
MemphisMan, on 27 Jun 2013 - 8:40 PM, said: I'm sorry. That Iraq was reporting to their people the currency was going to revalue. The poster said this has not happened.
Steve: We have several that have seen it, so I am going with our sources as they have been correct so far. They are not making this up.
I am not sure what the exact wording was, but it was to the effect of they will increase the value if their currency. Maybe my words were too direct. Sorry.
Now that the sanctions have been removed, it is just hard to believe that any new country or business including banks want to spend millions in doing business with a currency that is not worth much. Maybe I am not seeing the picture correctly, but I have been around long enough to know what works and not.
SoldierOfIndependence, on 27 Jun 2013 - 8:40 PM, said: Steve, these are exciting times!!! Thank you for your insight and your time. And we patiently wait....
Steve: I have not seen you around in awhile. Glad you are doing well and are safe. Keep it that way please. Blessings, Steve
JacksJill, on 27 Jun 2013 - 8:47 PM, said: Thanks, Steve. This was brought up by a few members last night that said that they had contacts in Baghdad. They claimed that they were not announcing an imminent RV on the Iraqi media. I thought it may have been a problem with translation.
Just part of this wild ride we've been on. Praying that Monday brings this chapter to an end and the beginning of the next. :wub:
Steve: I am very certain that we lost nothing in our translations. I guess we will wait and see.
Steve: You all tell me this, if the budget was not configured with a new rate, then why has it not been opened and disbursed. I would love to hear your reasoning on this one. So they just decided to let the projects go and people suffer more for the heck of it? I do not think so. I am open to a good debate. Prove me wrong please. Blessings, Steve