"RV UPDATE" BY PIMPY, 9 NOV

  Pimpy 

 There is some really good news...out of Iraq... Article:  "The central bank allows Iraqi banks to import foreign currency..."   

Of course everybody's...talking about how great it is but what they're not doing is explaining to you why it's great...The move...is really going to open the doors for them economically and strengthen the dinar...This article is a biggie...not just good but very good.  Why is this such a big deal Pimpy?  Oh it's a very big deal.  Iraq is now allowed to import foreign exchanges.

There's a difference between an RV and an RI.  The revaluation we seen happen a couple of times.  We seen it go from 1,190 - It was devalued and it dropped to 1450.  Then it revalued back up to 1320.  So revalue we see quite often.  RI is a reinstatement.  If we remove the sanctions and the currency is reinstated that rate would be $3.22. ..

 One year report card...Al-Sudani and his cabinet...Given all the circumstances I would give Sudani definitely a B- .  To be honest I thought it was going to be a lot worse than this.  

But like I said once the budget is passed we're going to start to see people's true colors.  The second year is going to tell us a whole lot about Al-Sudani.  Just when you think you got the right guy in there who seems to be getting everybody on the right path we have another election coming up again.  That's going to tell us everything we need to know...