_[SWFloridaGuru] Some great articles have surfaced over the past few days which confirms what we have heard from our contacts. Although there is no in country RV and the lower denoms are not out in circulation, we are about to enter phase 2 which will give us our new rate finally. We have seen the September date
[SWFloridaGuru] referenced and this does not mean we will have to wait for September for an RI/RV. This refers to the timing of the release of the new currency and the new rate must come prior. Both currencies will run concurrent for a year. This is great news to see them educating the public on this upcoming
[SWFloridaGuru] process. We are in a great spot. It's right there in black and white. The power to raise the rate lies solely with the CBI. The finance committee along with the GOI is taking steps in preparation: educating the citizens on the new currency which may be released in September (POST RV!), passing the
[SWFloridaGuru] budget, the lower denoms bill etc. We believe the CBI will kick off phase 2 very shortly with the removal of the zeros, dropping of the artificial rate and either an RI or RV.
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_ [SWFloridaGuru] The exact process of the release is the new rate will be sent from the CBI in accordance with the IMF's support to the BIS. From there it will be released to all the central banks on a random timer and that is when we will see the new rate publicly for the first time.
[SWFloridaGuru] I recommend listening to people like Studley who offer a balanced, informative approach. We are in a great spot and when we steer clear of the daily RV predictions and look at the big picture, it's impossible to feel anything but privileged to be involved!
[SWFloridaGuru] hopeful I don't pretend to know. I really can't even guess. If I told you I thought it would happen this week or a month from now it would be a total guess. I really don't try to pinpoint this. I believe we will see it relatively soon and just follow the signs. We do have a contact who handles
[SWFloridaGuru] hopeful business for an official of the CBI who has confirmed the process is underway but that is all. He will never be able to tell us more than that. I'm just excited to see the process is underway and we are on the home stretch. It's been quite a ride.