Tuesday, November 3, 2015


this is from the CBI as of today: “Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees’ salaries, and cover the projects, “pointing out that” Iraq reserves estimated at more than 1,500% “. What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.
Article: “Abadi: Baghdad locked and we are trying to switch to an open economy / expanded” Private sector words are huge. They have talked about this for years that when the value changes the private sector will flourish. Excellent article, and yes this does provide yet another clue as to how close we really are to the end of this ride.
I just read the agenda for Parliament tomorrow [Monday]: “Ninth: The second reading of a bill defining the mandates of the three presidencies. (Legal Committee). (Article 8).” which tells me – PLAINLY – they are moving ahead with reforms – at full speed. what does this do? It seals off a Maliki third term… should he somehow evade all the pitfalls between here and there – term limits would effectively kill any chance he would have for a third term as PM. Had they done THIS ONE THING long ago – there would have been no ISIS. No Anbar… no crisis – Maliki would have had no option… or big need to reshuffle the voting electorate/districts…which was at the very heart of where we are now.
Artcle: “Central was able to overcome the side effects of currency” This is, without a doubt, one of the best articles we have seen in a long time. It lays out quite specifically and clearly that the GOAL of the CBI is not just stabilizing the value of the dinar but raising it was well. Furthermore, it specifically says that the fact that the GOI was sucking up so much currency to keep the government running will NOT stop them in their goal of raising the value of the dinar. …it clearly lays out the policy of the CBI to do more than just stabilize the currency: It specifically says that it will “maintain stability at the target in each stage or period of revaluation ranges.” The last two words are extremely significant here, because they are saying that they will maintain stability AS THE VALUE RISES for the dinar.

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