2-28-11 Nighthk11 chat

Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ RUMORS

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1. The demonstrations really scared the politicians and they will RV
2. They talked about being ready, but were not
3. Many currencies are due to RV on 3/1
4. Night was told the dinar is one of them
5. Night has seen some posting of the rate being .56 - .86
6. He believes it will be in the $3.10 - $3.30 range
7. If they follow the UN mandate, then we should see the movement tonight our time on the CBI site
8. They MUST RV
9. The UN mandate with information from the IMF requires countries to regulate their currencies to be in line with world prices for commodities that they are either trading or importing
10. This tool is used to stabilize the world's currencies so that fair market trading is achieved
11. China is not a member of the IMF and this is why it has been difficult to get them to raise the value of their yuan
12. There should not be anymore stalls as the RV must be done now
13. The pressure inside Iraq will not subside. Nor will the assistance from outside entities to follow through and get this done
14. Maliki most likely already released the 3 security minister names
15. The RV, according to Shabibi, is tied to the budget since they have a shortfall
16. He indicated they would fix that by adjusting the exchange rate and by borrowing
17. One of the keys here is paying the contractors in dinars--can't do that unless the dinar is international
18. The March 1 date for their budget is in line with the UN revaluation of currencies
19. Ration cards are to be loaded with the new dinar on the 2nd of March
20. If they plan to go from 250,000 down to 25,000, they must raise the value of the dinar to reflect that
21. We are still on track for tonight
22. Banks are ready
23. The US is in serious financial trouble--we need this RV as much as they do
24. Night has confirmation of the meeting in Baghdad and said the meeting did take place
25. The meeting was for minor politicians from the region and CEO's of companies doing large volumes of business
26. The information was given to him by people working in the UN. They were there to monitor
27. Maliki is not an issue--Parliament is the supreme authority as Nujaifi stated
28. When they missed the RVs in the past, it was internal. It's now global
29. We should see the RV this week