SteveI Update 2-28-14

Stevel: Here is some additional information for our update. This member gave me permission to post it.

This one is from Ray just now at 2PM Arizona Time.

This is very good news. I see great progress and looking for very positive things ahead.

Steve, Here is an update on the Maliki news conference today. He told the people that they are giving the Kurds one last chance to sit down and vote on the Budget and if they don’t, Parliament will vote on the Budget sometime next week with a majority vote; Kurds or no Kurds.

He said that the government only has enough money left to pay salaries for another month to two months and that is it.

After that, no more payroll payments or other government services will be paid. He said it is imperative that this Budget gets voted on as soon as possible so monies can be distributed as soon as possible.

I think this is great news and I really hope that Maliki sticks by his guns and gets this done once and for all. I will keep you posted on any other news I may hear. Take care.

Blessings, Ray

Steve – thanks for the great update last night. It is getting very interesting. The continued after hours trading, the lack of currency on the street, shrinking auctions at the CBI, prices of dinar tightening amount currency traders, banks complaining that they have no money, citizens being told they can’t make withdraws because of the lack of currency and then yesterday the CBI says no more transactions in foreign currency.

Everything must be paid in dinar. Sure seems like there are 2 choices before the dam breaks………..either flood the street with 3 zeros again so there is liquidity or issue the new lower denominations and change the rate.

You all have a safe week and weekend. Steve

Stevel Posted Today, 12:53 PM Here is a small but great update to my post. This members as allowed me to share.

Steve – thanks for the great update last night. It is getting very interesting.

The continued after hours trading, the lack of currency on the street, shrinking auctions at the CBI, prices of dinar tightening amount currency traders,

banks complaining that they have no money, citizens being told they can’t make withdraws because of the lack of currency and then yesterday the CBI says no more transactions in foreign currency.

Everything must be paid in dinar. Sure seems like there are 2 choices before the dam breaks………………..either flood the street with 3 zeros again so there is liquidity or issue the new lower denominations and change the rate.

If you put two and two together, this is very encouraging.
Have a safe week and weekend. Blessings, Steve

hstrymknwmn, on 27 Feb 2014 – 12:58 PM, said: I am no expert; but my understanding is the Kurds want to be paid directly from oil proceeds and not go through the govt. (I believe that is right) In my non-expert opinion I don’t think that will have any baring on the RV, imo the Kurds are being greedy right now. I guess I am just overly optimistic right now and look forward to that vote. 😀

I look forward to someone else’s take. I appreciate the update Steve. Thanks for hanging in there with all of us.

Stevel: Yes are are correct, however, the Kurd’s are also getting so much money in the budget of 2014. The problem is you cannot have it both ways. Maliki says, pick one or we will. I hope this helps. Blessings, Steve

hstrymknwmn, on 27 Feb 2014 – 2:09 PM, said: I have a tendency to believe it is done… we shall see. Like so many have said all along it will be a domino effect and we have seen a lot of laws pass. We can’t be far off. imo 🙂

Stevel: I absolutely agree. Blessings, Steve

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