Rayren98 Weekend UPDATE for February 4, 2018

Rayren98 Weekend UPDATE for February 4, 2018

From Friday's meeting, we learned of a "plan" for a Slow Roll-Out, however, they are still in planning meetings and this information is very much subject-to-change come Monday. Banks are to receive a directive on the manner of which exchanges will take place. 2 lead banks will begin the process for a few days, then others will come on board to complete all exchanges. Banking appointments will be "timed" to insure a steady, slow pace is maintained for exchanging. Wealth Managers will be utilized for setting appointments. Transactions of $10 million and higher to be handled via appointment process, smaller amounts via a "Dedicated Teller" at the counter. Verification processes are to be short and efficient, no long authentication procedures will be required. Iraq Happening: The IMF and the World Bank are reportedly demanding that the 2018 Budget must be approved before the Kuwait Conference on February 12.  The payments for the Kurds (once again) is resolved. Article 140 should no longer be an issue. With 140 and the Budget approval being resolved, the coast will be clear for completion of the economic reforms. Bring on the rate change!!