Militia Man
The Iraqi Central Bank is not going to come out and say, 'by the way you guys, tomorrow we're going to come out and drop the three zeros and guess what it's going to be at X [rate].' They're not going to do that. Nor is the...Finance Minister going to say, 'Hey by the way, I'm going to order the Central Bank of Iraq to what they got to to to change the value of the currency.' Nor is the US Treasury, US Federal Reserve, World Bank, IMF or Bank of International Settlements...
Article: "Postponing Electronic Application for Housing Funds"
They told us they were going to build hundreds of thousands of homes. They were going to have loans ready for them but they decided to postpone it.
Quote "...until new mechanisms for getting loans is approved...'
What's that about?
You were going to open up for loans for hundreds of thousands of housing units but you posted it for a 'mechanism'. What's their definition of mechanism? They don't say but we have to think - Writing up a mortgage at 1310 exchange rate and that changing the next day creates a problem...They need to know how much.
Iraq is doing a phenomenal job...Thinking that this is never going to get done? And we have issues?
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