When the G20 meeting took place and Paris agreement was ratified by all parties…it included the RV and GCR.
It was a done deal at that time, it was agreed upon.
What has happened at the UN was very positive in terms of Iraq.
Abadi did meet with Obama yesterday…The result will be positive for us.
Iraq has received complete sovereignty finally. All their sanctions were removed.
They are the 209th nation admitted into the World Counsel of the UN.
The second thing they were instructed at the UN was to go ahead to revalue the Iraqi dinar immediately.
What does immediately mean? Whatever immediately means, we are going to take as very good news.
The understanding is they think Abadi has to return to Iraq.
That meeting was going to finish around 9est time tonight [Tuesday].
Then the possibility he has to head back and make announcement in country.
I believe everything is in the Gazette couple of days ago and visible. Bank reforms, new laws are all in the Gazette, published and online both.
Iraq is done. Everything is a go from Iraq’s perspective. Everything is very positive. That part is good.
They got their sovereignty, part of the World Counsel and were told to revalue their currency to make the rate availability immediately…
We understand the CBI is connected to the IEX and the minute they put a new rate on it, it will be seen immediately on the system.
My understanding was the IEX was to replace Forex.
The final access codes are to be entered.
The rates are very good to our knowledge.
They may have gone slightly up.
What we know, it is going to be fantastic guys.
Pretty much we are looking for a sort of any time now scenario.
