The update information I sent out is still the prevailing information.
The video clip brought a lot of discussion of PM Abadi having a press conference and a cavalier type statement, to my way of thinking, that Iraq had exited Chapter 7.
Some will debate that’s not new news and some say they are still in Chapter 7.
That puts the debate to an end.
He’s made the proclamation.
Also, info still inconclusive on the IMF.
Cannot give it 100% yet…
That is IMF making reference to Iraq being Article 8 compliant.
That’s not the same as proclaiming them Article 8, making it in effect.
Could make for discussion, “are they or are they not.”
Also, information out that Kuwait received their last payment.
BIG – to satisfy the IMF requirements along with removing multiple currencies in the country.
Also, no auction reports for today.
If everything goes according to what I expect don’t be surprised if no auction reports on Monday.
That to could be a signal of Article 8 compliance.
CURRENT WINDOW: The targeted execution date is August 21 based on what they put out there.
We had some sources looking for something to happen this week.
At least a phase of it to happen this week.
Contractors and others told to have all their bookkeeping in the by the 21st.
But anything could possibly happen before then.
Heard the lower denom’s are NOT being used yet.