Frank26
CSC is the Central Security Custody system. Somewhere between the 28th and the 1st and these next 72 hours this CSC will go into effect because it was a mandate from the BIS to make sure Iraq was ready on the 28th to do international transfers...
The auctions we believe you will see a change in them on the 28th...This is an important step. There are many steps that are occurring right now at the end of this monetary reform that are important.
On the 28th - go international financial transfers. On October 1st - all international private satellite banks of the CBI around the world to be opened. On 3rd - for them to have an Independence Day...In the days to come a new currency will be given to the Iraqi citizens IMO. This is a forewarning a new exchange rate is coming but the new exchange rate won't come out until they give the new currency or simultaneously.
I believe on the 28th Iraq is going be in a position to do financial international transfers without any restrictions.
Oh, boy! Wouldn't that be great?
I believe it's a 10 day period...28th to 8th of next month...I believe in these 10 days we're also going to see the HCL. And I believe without a doubt, the reason why we haven't added the HCL and everything else is because we don't have a new international exchange rate.
..It is fantastic. These 10 days have great potential for may things to be paid.
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