"RV UPDATE" BY MARKZ, 16 JUNE

 MarkZ   

[via PDK]  Question:  I saw that Iraq has holidays coming up. Would this slow them down releasing the rates? MarkZ:   Everytime we have looked in the past we saw Kuwait revalued during Ramadan…. Iraq revalued in the early 70’s during a holiday. I wouldn’t be too worried about those things.

... Sudani told us that everything is now in the hands of the CBI…he was talking to Alaq at that time…  so it’s the   CBI ‘s job to change the rate.

 “After returning it for the purpose of auditing –The Iraqi Gazette addressed parliament to send budget tables”  

So they are expected to release it to the papers this week …There are a lot of people who believe we will see a rate when they do that. I do have a couple contacts in Iraq that believe we will see it then…They expect it to be published Saturday in the Gazette…I hope they are accurate.

Question:  Is watching the HCLimplementation a good indicator? 

 It’s a very good indicator.  I was told since very early in this process that this was a key indicator…along with the inversion in the bond markets which we have seen.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-14-june.html