Thursday, February 3, 2011

2-3-11 MTT update - from conference call

Highlights/Thoughts

1. New rate should appear later today on CBI, but it may appear during the weekend
2. Not sure when it will update
3. 3 bombings today. They are rushing to get this RV off fast. Concerned about escalating violence
4. RV is written in the budget and will be published in the Gazette tonight
5. Okie confirmed that and expects it to show up on CBI or be announced by the CBI today or tonight
6. Online version of the Gazette is not the same as what Iraqi's receive (hard copy)
7. What is known:
1. 3 ministry positions filled last night
2. GOI is fully formed
3. Budget is being published and is being submitted for publication
4. Rate is $5.21
5. Cash in at US banks expected on Monday
*************************************************************************
1:55 PM [******] Ok UPDATE: they are saying it should appear later today on CBI: but it may appear during the weekend They are saying do NOT panic if it doesn't show up tonight
1:56 PM [******] they don't know for sure when this will actually show-up on CBI or forex...since this is a one of a kind historic event: we are all going by best intel
1
1:59 PM [******] and there is news just now of 3 separate bombings: so they are rushing to get this Rv off FAST before things get really bad They are saying that they expect this could get 10 times worse than what we are seeing on TV in Egypt: they are very concerned about things escalating and getting VERY BAD there VERY QUICKLY: so the pressure is very HIGH FOR THEM to get the RV DONE
2:00 PM [******] RV announced
2:00 PM [******] RV is DONE King--cash-in will not happen HERE in US until Monday
2:00 PM [******] that is what they are saying
2:01 PM [******] RV is written into the budget and budget is being published TONIGHT in the gazette (Hard paper copy) in Iraq
2:01 PM [******] that came fro the Conf call
2:01 PM [******] from Okie
2:02 PM [******] that is CONFIRMED according to Okie
2:02 PM [******] no doubt about that
2:03 PM [******] Okie also expects it to show-up on CBI or be announced by CBI yet today/tonight
2:03 PM [******] and he is also saying cash-in in US is CONFIRMED for Monday
2:04 PM [******] beyond that we will have to wait and see how it plays out
2:04 PM [******] Why wouldn't it be posted online as well as hard copy in the Gazette?
2:04 PM [******] ****** they said online version of gazette is not near the same as what the iraqi people will have in their hands
2:07 PM [******] the Gazette is the local Baghdad newspaper; the newspaper the iraqi people get delivered to their doorsteps and it is NOT the same as the gazette we can see and have translated online
2:11 PM [******] so to Review: what we KNOW 1000%: 1) 3 Minstry positions filled last night (as was reported); 2) GOI is fully formed; 3)Budget is being published--has been submitted for publication to the gazette and shows an exchange rate for the IQD of $5.21 for oil (based on oil price internationally of $73 per barrel); 4) due to budget publication TONIGHT, RV rate of $5.21 is expected to show-up at CBI today/tonight also; 5) cash-in at US banks is expected for Monday

No comments:

Post a Comment