In this age of nano second transactions as seen on Wall Street daily we have seen excuses of banks not being ready technologically for the set up of this transaction.
It's simply not so ! The holdup as I reported has been 2 key entities worldwide.
We are now down to ONE ! And the weight of all the other players is going to make this player cave surely in 1-2 days.
This is guaranteed and no longer a concern.
This week we have had negotiators being replaced in Iraq to "implementors" ( IMF technicians) .
The RV will be loaded next week and will start worldwide on June 1st. Yes, that is a Saturday in Iraq. The in country RV will start at Iraqi banks.
I wish I had a rate to give you but even my Iraqi government official isn't giving that up. His only comment was " It's decent".