Top RV Moment
April 4th 2011
Many of the Gurus' Intel lined up. Shabibi supposedly signed off on the RV and locked it into the banking system on Thursday March 31. "It's out of Iraq's hands." It didn't happen on Monday the 4th but many Gurus still think we are on track..."Will not go past April 15th." This is all mathematical and technical coordination delays. Banks received official wire notice of impending Iraqi RV. Iraq is supposed to be accepted into WTO on the 7/8th of April.
March 1st 2011
January came and went, February they passed the 2011 budget!! This is it...the RV rate has got to be in the budget, right? The new budget was supposed to take effect on March 1st and be retroactive to the 1st of January. Many contracts were supposedly signed with the new rate and to be paid in DINAR!! Well no RV and no one knows if the budget was even installed...no word on if contractors were paid in DINAR or USD.
December 31st--January 1st 2010
Shabibi said he would lift the 3 zeros by the end of 2010. Now this is the way to ring in the New Year. The UN sanctions had just been lifted. Tons of contracts were signed and supposedly going to become active on the 1st. Most of the Gurus said this thing CAN NOT go past the 1st...well 2011 began with a whimper...from all the dinar holders.
December 25 2010
Santa was bring the RV on Christmas day 2010. Maliki was given 30 days to form government...the last day, Christmas. Also, the UN had unexpectedly lifted many sanctions from Iraq on the 15th, so things seemed to point toward a very GREEN Christmas...well, I got a nice pair of socks that year.
November 25th 2010
The Iraqi Supreme Court demanded that the government be formed by the November 25th...this was a drop dead deadline. Dinarians all cheered in rejoice...after 6 months of deadlock we would finally see a government so Shabibi could RV the currency. Maliki was given the PM position--HURRAY!! But in a little know constitutional requirement...the PM now had 30days to form the government...Maliki stressed it would NOT take him 30 days to do it...they are in a hurry. Hey we can wait at most 30 days right?
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