Monday, October 28, 2013

10-28-2013 Newshound Guru Doc

10-28-2013   Newshound Guru Doc   We are closing out October with much the same status as we started.  The news has focused on some progress specifically passage of the Economic Reform Law by the CoM.  This is indeed great to see.  We still must exercise patience in that it is not law as of now.  It still must go through parliament which we believe will not addressed until December.  The HCL has been in the news but again most likely will not be addressed until December.  With this the key infrastructure will not be in place "at any moment" and therefore our opinion remains that currency reform will not occur in the short term.  These laws are not official until you see them in the Gazette period.   [post 1 of 4....stay tuned]