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Sunday, January 17, 2016

ARTHUR UPDATE, 17 JAN

As for things that are still needed, there will always be laws in the pipeline for the former most corrupt country in the world to pass to clean up it’s act making it conducive for economic globalization. The question is, when is the progress sufficient for the IMF/UN/BIS/PTB to release all currency restrictions and allow the imminent long awaited launch into the private sector. The affirmative answer was announced by the PM within the past 48 hours.

The Ayatollah has announced his dissatisfaction with the reform process which has sparked a new sense of urgency. We have already seen the IMF memorandum giving a February 29 back wall for Article VIII and end of MCP. What most don’t understand is that means in essence that the revaluation of the IQD is no longer just imminent but the process is underway and ongoing.

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