Nova said he would be very concerned and it would have been a “bad day today” if we have seen the tariff law implemented and the CBI holding an auction. However that did NOT happen, which means that something really did “happen”!
The Tariff law went into effect today and the CBI did NOT hold an auction—The CBI did not transact any business today which means that’s something is changing, something is happening. The Iraqi financial system was shut down and not transacting any business…Its Nova’s opinion that the days are numbered how long they can continue to hide the rate.
