As at this stage…I don’t think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact, they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying…imo.
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