I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. …let me set everyone straight and set an honest expectation here on how all this is going to work… Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. On Saturday we had some incredible news about today's events. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform.

…I am optimistic as I am told we will get it and to be patient.

…on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions.

…the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime? Yes – but there is still work to be done by Iraq

…the security part is taken care of

…the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012.