MarkZ
[via PDK]
“Al Alaq: Bank lending strategy aims to stimulate the economy”
This is part of the monetary reforms. We are watching them do the reforms. We are watching the deletion of the zeros and the raising of the values.
“Iraqi Government issues new decisions”
Everything in this article that they have just done is screaming REER. (Real Effective Exchange Rate) And that is what I am hearing from my folks at the Finance Ministry. They believe we are circling close to the rate change.