MilitiaMan (KTFA)
Article Quote:“Iranian Deputy foreign minister…announced his county no longer has any frozen funds in Iraq and South Korea after the understanding between Tehran and Washington… Funds in Iraq has already begun to be solved…“
If Iran has the full authority to manage its funds there’s no sanctions…That’s phenomenal…Iran is a major trading partner with Iraq and they will need to do trade with local currencies. From this deal…the process of money moving should have not problem…They should be on a competitive exchange rate system with local currencies…Iraq is the heart of this whole deal.
The parallel market is an illegal market…it’s a manipulation situation and It’s not something that’s going to last forever…raising the value to an International acceptable exchange rate, Article VIII compliant will make that go away. The private sector along with the CBI is moving in that direction…You can’t buy real estate…cars and you’re gonna have to buy gold in Iraqi dinars…
Article quote "Joint efforts to attract investors and developing the economic plan." The Securities Commission is looking to make headway now big time.
Global investors are not going to come into Iraq Stock Exchange at 1310. They've not done it before and they're not going to do it tomorrow. Something is going to have to change for them to be motivated.
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