I’m going to talk about the CBI report about the arrival of the Swiss equipment to print Iraqi currency…
they are stating that those pieces of equipment they will be for printing of Iraqi currency…
we know the LD’s are there…
then why would they be receiving these machines…
we feel it arrived a long time ago…many of the articles are old when we see them…especially those that have to do with the Monetary Policy…currency denominations…information from the CBI…
So we believe that equipment was already at the CBI…
so what is going on here…
Why the machines from Switzerland…Iraq has printed it’s money…
but now they have to get the plates…
and they need those specific machines that were associated with those plates if they have a need to print more…
like when the revaluation or the RV takes place…
we believe this equipment will be for the LD’s…
these machines are brand new…
they are huge and there are like 6 or 7 of them…this is huge information.
We do believe they will have a large demand for certain denominations…do they really trust Iraq to do this printing…
you have to keep in mind that Iraq is not in charge of the Monetary Policy…
they basically had signed like a power of attorney over to the IMF…
a contract with the IMF…
the IMF from November 2015 all the way to the end of 2016 they are going to be in charge of every single Monetary Reform and policy in Iraq…
So when Iraq needs to print more money it will be under the guidance of the IMF…
we believe from several very reliable sources that the BIS has given Iraq approval on the 28th of April to move forward with the Monetary Reform…
with the approval of the BIS, they report back to the IMF and the IMF follows up with that nation that says you got the green light to move forward…
now IMO…and I could be wrong but I believe from the time of the IMF report they have 30 days to implement their plan…
it should be very interesting the days of this week coming up…to see if they are going to do something this week or into next week…
Remember the middle of 2016 is the end of June and they need the money…
so all indications are showing that something has to happen.
