Deepwoodz
Article: "The Iraqi Central Governor reveals the plan to reform the banking system and talks about sanctions" Quote: “the detailed study of this project will be presented in the eighth month, and then there will be clarity about the road map..." Im not sure how to take this. Standing on this side of the rate change makes me naturally want to say something negative, but I have to consider all the facts.
Iraq did not JUST NOW begin their banking reforms. They also did not JUST NOW begin to do a study of their monetary reform, exchange rate, or otherwise...
I’m pretty sure there has never been anything like what Iraq is going through right now. There are no experts that have actually done this exact thing before. It really is a monumental task that will have a global impact. I'm as ready as anyone to cash in and I wish it were that simple. Truth is though, it is happening. We are so far down this road now there is no turning back.
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