MarkZ
[via PDK]
We have Al Alag (Governor of the CBI) in New York right now…he arrived overnight in New York…I hear from contacts at the Treasury that after meeting with financial people all week…the rumor is he will have a short diversion to DC mid week...
So we have a delegation from the Central Bank of Iraq over here including the Governor of the CBI. I cannot imagine they came all this way to only discuss the 4 or 5 banks the Fed has an issue with as they clean up corruption. IMO there is something bigger going on. The whole world needs this... I think it's good news for us that they are here.
Iraq moves to profit sharing and new oil contracts”
This is a few days old but they are changing how they work their strategic partnerships. They are distributing pieces and parts from ongoing revenue from oil – if you invest on those projects. This means they are looking for very long term investments both in and outside the country. This points toward long term stability. I was told this is an important leg for the RV. They will become a regional powerhouse and influencer.
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