We will never give you a date…we study time frames and as far as the rate goes…
They are thinking about a float or they will come out at 1 to 1…
IMO…they are going from an RI into an RV…and I believe the LD’s are next.
IMO…Dr. Shabibi is going to give the world a speech…
DELTA and I have made it very clear in the last 2-3 weeks…we don’t think he is coming back…
Abadi…was saying they are finishing up Phase 1 and entering Phase 2…and one of the things that Phase 1 did was to carry the program rate…
But Phase 2 will not carry a program rate…
It will require the lifting of the value of their currency…and entering Article 8…
The World Bank is counting on Iraq…to succeed in Phase 2 of what they are doing with their currency…and the value of their currency.
The IMF told them…we are going to help you…and these are the things you got to do…
And they either have them all done or they are working on them…
And the last one is to raise the value of their currency…
IMO they are working diligently…working to lift the value of their currency…
The IMF worked with them…and they said…finish it all up in the first half of this year and you will enter the international world…
IMO…they are coming to an end with the first half of 2016…mathematical proof has been given to the GOI…
This mathematical proof is about to be reported…
I believe at the end of this May.
