Watch for when the GOI is going to pass the budget. I hope it is not until after the CBI…”Reinstitutes” their currency which must occur prior or simultaneous to the RI. I believe it will be prior with the RI to follow from 2 weeks to upwards of a year. I don’t think a year is likely but Shabbibi said that inflation has to be monitored prior to moving ahead. I am hopeful that the CBI is currently doing that in their reported experiment in depegging from the USD.
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