"IMF Timeliness" - Sat. PM TNT Thoughts

TNT

LilyPad:

This is how i see this. Whether it is 2, 4, 6, or 7 there is very little time left for the rate to be revealed. And there is no doubt in my mind that the IMF already knows the rate.

Luvwulfs:
I like IMF timeliness better than " coming days" lol

GJHHonor:
Jan, 4th to the 23d is 23 days then from the 27th to the Feb, 2 nd is 7 days which gives us 30 days Feb 2nd on a Thursday

TooTall:
HI Lilypad..do you have a link to IMF stating the 30 day requirement? I found one but not sure it is what you are talking about...thx

LilyPad:
Too-tall --this is just my opinion and my opinion only from what I have learned. Iraq has been under the transitional exchange obligations. It is my opinion that when Iraq satisfied Kuwait at the end of December 2016, it moved them out of transitional status.

Debbie525:
Lilypad, does this mean that the 30 becomes Law and they have to show the budget with the rate to the world? Or am I misunderstanding? help please

Lilypad:
Debbie-from my understanding, Iraq has to have the new exchange rate to the IMF within 30 days. Iraq would no longer be able to leave the exchange rate blank on the CBI website. They would have to declare the new rate.

As far as using it in the budget, I really do not know. I would think they would want to. i do know the budget is retroactive back to the first.

What was amazing is that this timeline lined up with the information that Rayren said on Friday's call.

PrayitForward:
Wow, look at all that gold! Vietnam Tradition Festival - Thousand Hand Guan Yin - Incredible, almost psychedelic to watch these dancers

https://www.youtube.com/watch?v=7vs-H7xLnrs.