7-12-2012 Freebird: Anyone who bothers to research on their own, realizes the first shot we have at seeing this is in September.
You may say why would the CBI give us an accurate time-frame for a RV by referencing September and January all the time?
They aren't saying anything about a revaluation. They aren't referencing the rate at all, they are trying to educate the public a change is coming and using the guise of a "redenomination" articles to conceal their true intentions.
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Iraq WILL REVALUE and if we're very lucky this will be a historic revaluation, the likes of which the world has never seen. A 100,000% increase from .00085 to .85 is the dream we all signed up for, unless you listen to "gurus" in which case you are holding out for a $42 rate.
At .85 that gives Shabibi something to work with and he will use the the market to drive the rate up and eventually I do believe that Iraq will have the highest exchange rate in the M.E. Kaperoni had an excellent post outlining this process recently.
It is possible in the next week that Iraq could hold a National Meeting and announce the Ministers (permanent, not interim), Strategic Council, implement Erbil and HCL but not likely. As usual Parliament's latest attendance numbers were abysmal.
Last showing was around 50%. I do believe deals are being struck though as we speak, which is why Maliki's opposition has backed down as of late. Most likely, after Ramadan, we'll have a real shot at this.
I don't see any way this goes into 2013, which is amazing news for us and we should all feel extremely grateful to be involved. Ignore the usual hypers, their vague analogies and garbage contacts.
Do yourself a favor and DO YOUR OWN RESEARCH. Keep the faith, this should be over in a few months at the most.