MarkZ
[via PDK]
Article: “Leaving the red list is an important step to attract international companies” this is all about going fully international without restrictions.
They are off the red list and no longer considered dangerous. To be fully international they need a currency that is not restrictive.
Article: “The discovery of the largest oil storage in the center of the country with 2 Billion barrels.” Every time we turn around – we find out Iraq has more resources. Gold, Rare earth minerals and even more oil. This is $140 billion more in oil to support their currency.
Article: “Government representative in Parliament sends an amendment to an amendment regarding budget law” This one is specifically on rate and they are pushing to have the budget settled…this is also about the oil in the Kurdish region. We should have had action on this today.
They are waiting to squeeze in one last number…then we should budget tables and rates. When they adjust budget tables it’s an ideal time to adjust “value”. There is some pretty exciting stuff coming for Iraq this morning.
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