I think it still could be 4th quarter 2025. Does the REER settle somewhere around 3 times SDR? We’re going to find out…Every step of what I’m talking about is documented. What they’ve been doing is primarily executed in my view already. The CBI has reserves … $112 billion. They have compliance through all the new systems, international standards…Their next move is going to be an effective adjustment like they did in 2023. It’s going to be immediate.
