MarkZ
[via PDK]
No negative news over the weekend…We are expecting a very busy week between now and the 20th….
…in the news “Argentina has a 18% devaluation of their currency” Just Boom and they flipped the switch. This is what a number of countries are facing if they do not asset back their currency. Argentina may be a “motivator” for Iraq, Vietnam and other countries to go ahead and pull their triggers…in a positive way on their values.
MilitiaMan (KTFA)
It’s been weeks…and still to this day they haven’t actually shown us the spending ability of the budget.
Why is that? It’s obvious – they’re not coming out at 1310, 1320 or 1305…
The House of Representative …Central Bank of Iraq…the legal departments all got together. What are they talking about? They’re talking about implementing allocating and spending money for this budget. Anybody thinking this is not happening I have to disagree with you…
…Alaq, the Central Bank Governor, he’s not new to Iraq. This man’s been involved for many many years. He led the Arab Monetary Fund. He spent time there as the head honcho and now he’s back here to do what? To finish this process. He recently stated the Iraqi dinar and/or subsequently the project to delete the zeros from the exchange rate still exists. If anybody’s telling you this is a joke you really got to think about it and say did he really say that?
Frank26 (KTFA)
The CBI cannot change the rate of the American dollar…but they can change the rate of the Iraqi dinar…which will affect the rate of the American dollar to the point of not being used in Iraq any longer and that gives birth to a new sovereign national currency…
Question:
“Has the oil and gas law been passed and implemented as the articles indicated?“
Yes but IMO it too has to wait for the new exchange rate.
Nader From The Mid East
What’s slowing down the RV…and it’s going to slow it down more and more until they find a solution for it. It’s not the HCL…budget….What’s slowing down the RV is the corruption…You guys have no idea how much corruption going on in Iraq…It’s like a big mafia…bigger than the government for now…It’s going to be a big fight…When the corruption goes to 20%, 15%, 10% that’s where the RV is gonna happen…Jeanine Hennis-Plasschaert, UN Special Representative in Iraq “Pervasive corruption is a major root cause of Iraqi dysfunction. And frankly, no leader can claim to be shielded from it.” There will be little to no increase in currency value in Iraq until multinational companies can safely invest in Iraq without corruption or safety issues.
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