I have heard this from other source.
What's the holdup? If everything is supposedly done and approved, why hasn't the RV occurred?
Simply put, greed of the Iraqi elite. The educated and monied people there are double dipping.
The average education in Iraq is equivalent to a third grade education. Only the Iraqi elite are in the know.
How would you like to buy GE stock at 15 cents a share knowing that tomorrow it could be worth $15 a share?
The appreciation in stock values of the ISX, Iraqi Stock Exchange, is the hold up. This is foreknowledge but not considered insider trading. It is considered a black Friday situation for the Iraqi investors. The rich become richer
in a gargantuan way. The value of the Iraqi dinar increases dramatically but the ISX stock prices will simply soar
at the same time the ISX goes international. This is a home run derby for the Iraqi investors because they are
making money on both the RV revaluation as well as the ISX stocks they own. The Iraqi elite, the monied, educated people of Iraq, were buying into the ISX internally, "in country" at nominal value. Thus the RV was not being
announced on purpose so the ISX investors could make a phenomenal return on their investment. The United
Nations finally recognized this and in a move to force the RV has moved the Dec 31st date to reimpose sanctions
on Iraq back to Dec 23rd. Since the ISX will be closed from tomorrow, Dec 21st through January 2nd, 2012 due
to supposedly end of the year closing operations, the Iraqi's will no longer be able to buy ISX stocks at dirt cheap
prices. The last session of ISX trading will be today Dec 20th, 2011 and trading will resume on Tuesday January 3rd, 2012. We should see the RV announced within the next day or two as now there is no longer any benefit to the elite
by them NOT announcing it and putting themselves back under sanctions removing their living standards