4-18-2012 *Med updated*

[Vixen]

4-18-2012 *Med ~IT APPEARS THAT CBI HAS TOLD THE GOI TO P*** OFF. THEY ARE GOING THROUGH WITH THE REMOVAL OF ZERO'S FROM THE NOMINAL VALUE...THE COUNCIL OF MINISTERS SLIPPED UP AND STATED THAT THEY WERE GOING TO RELEASE IN SEPTEMBER BUT WANTED IT STOPPED. IF THEY ARE STILL ON TRACK THERE IS YOU TIMELINE. THEY HAVE A DESPERATE NEED TO INCREASE THE VALUE OF THE IQD. I DONT THINK YOU ARE LOOKING AT AN EARLY ONE TO ONE RV, I DO THINK THEY WILL HAVE TO START THE MOVE THEY STATED WAS GOING TO HAPPEN. BASED ON THE LEAK BY THE COUNCIL OF MINISTERS THEY ARE RELEASING IN SEPTEMBER.

4-18-2012 *Med ~RIGHT NOW I AM JUST BEING VERY PATIENT I AM WATCHING FOR A SIGN OF THE NEXT MOVE. THE BEST SIGN FOR ME WOULD BE FOR THEM TO MOVE ON THE EXCHANGE RATE. I CANNOT SEE THEM DELIVERING ANY NEW SMALLER DENOMS BEFORE THAT HAPPENS, IN FACT THAT IS WHAT I AM WAITING FOR. I DO NOT EXPECT TO HEAR ANYTHING FROM THE IMF THEY WILL BE TOTALLY CLOSED MOUTH. ONE HINT FROM THEM THOUGH WOULD BE AND THIS WOULD NOT BE INTENTIONAL IS THAT IRAQ WERE TO MOVE FROM ARTICLE XIV TO ARTICLE XIII THAT WOULD BE A SIGN.