ANALYSIS OF IRAQ NEWS BY MNT GOAT, 30 AUGUST

 Mnt Goat  

 Article:  "GOVERNMENT ADVISOR EXPLAINS THE POSSIBILITY OF USING THE DINAR INSTEAD OF THE DOLLAR IN OIL SALES"  

This is a...VERY good article in that it talks about the risks associated with pegging the dinar to oil prices...Instead they plan to repeg to a “basket” of international currencies from the top developed nations.

 This much less risky and is much more stable. Besides this is the Dr. Shabibi and IMF plan for Iraq .  

Article Quote:  "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?"

   I luv this...it reinforces again they are NOT going to peg the dinar to the price of oil... Nonetheless this...tells us they know they must do something and do it soon!