2017
The ramifications of this continue into 2017 as the deadline
for withdrawal of 100s is now 20 February. More unexpected changes could occur.
There is still lack of faith in the currency.
March to May sees another turning point and another possible
change in the foundations of the currency. The conditions are similar to
earlier in the year, it is not yet clear that the bottom has been reached.
June to August us still an unstable period for the currency,
and there is some evidence that getting hold of the currency might be quite
difficult.
September and October see this becoming a greater issues for
the country as a whole rather than just individuals. The possibility that
external obligations can’t be met escalates.
November and December see that situation continuing.
Although there is some evidence that the picture is beginning to change.
January and February 2018 though see more problems and the
situation may be more intense both locally and globally.
The likelihood is that more changes to the currency may be
necessary.
There is a problem with debt obligations
March to May see this continuing but there is a shift in the
mood . Things could go either way and there may be some surprises.
June to August is a key period when there are big swings or
changes in the situation. The foundations are being transformed and although
this is a difficult process it has the potential to improve the situation.
September and October see further shifts and perhaps a hint
of what the situation will be by 2021. However the country’s debt obligations
remain an issue.
November and December are again full of shocks and surprises
but may actually see a fundamental level being reached.
For the first time the currency looks attractive.
2019 is actually a relatively quiet year for the currency.
Despite some uncertainty and instability January and
February 2019 are definitely calmer and more stable months. Indeed not much
change in value is likely at all.
March to June is much the same. In fact the conditions look
relatively positive, though not all will be beneficiaries.
July to September sees another key point when the
fundamentals are re-evaluated.
And October and November may herald a new financial
environment.
December is the final stage of this lull in the currency’s
fortunes.
2020
As we know from elsewhere, it is all happening in 2020!
January and February 2020 sees a great swing in the
position. The final stage of the long process that started 12 years ago. I
would like to say for sure what this means but I don’t think I will be positive
until 2019.
March to July continues the theme anyway. The possibility of
huge swings in value is definitely there, but it is not so obvious which way
these will go. There are definitely signs that the situation is positive,
though at this point that seems unlikely.
August and September are more mixed – and echoes of the
first two months of the year.
October and November are, as in so many places, the months
when things finally get resolved and a new equilibrium is reached.
December seems to be mainly a relatively positive month,
although the year end sees a final shift as the currency finds its balance.
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