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Thursday, January 21, 2016

DINAR IRAQ & DONG VIETNAM UPDATE, 21 JAN

Article: “An invitation to link the Iraqi dinar to the global economy ” Quote: “noting the importance of the introduction of the Iraqi dinar to global markets.” This is pretty much how we have described moving to Article VIII, ending the auctions, international investors, Balassa-Samuelson effect, etc. Sooner or later if they want a market economy they have to transition the dinar and banking system. No way to avoid it. So lets hope that this is a tip off of what is to come. …Iraq has accomplished a lot the last 3-6 months with much more to come this year. The important thing to take away from this article is the description, the plan, the process. This economist clearly gets it, and is “inviting” the CBI to be bold, and make the move. Something we all want to see happen. We have talked about it for a few years now..and now we must let it come to us.
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Twilight News / Prime Minister Haider al-Abadi, Wednesday confirmed that the Iraqi economy will emerge stronger from the current crisis, while stressing the need to find resources other than oil, it said that the organization “Daash” lost half of Iraqi territory that it controlled.
Abadi said in a speech before heading this evening, to participate in the Davos Forum, “we are going to Switzerland and our participation in the Davos forum is aimed at supporting the economy and the financial side in Iraq,” noting that “the Iraqi economy will emerge stronger from the current crisis planning and development.”

Abadi stressed the need to “find alternative sources of oil to support the economy after a sharp decline in world oil prices.”
On the other hand, confirmed al-Abadi, that “the security forces continues to progress at same time Daash continue to decline,” pointing out that “Daash lost 40 to 50% of the territory that was controlled, so the world should hear these victories.”
Prime Minister Haider al-Abadi directed earlier on Wednesday, to Switzerland to participate in the Davos World Economic Forum.
Today, the work of the Davos Economic Forum in Switzerland was launched, taking part in the Forum more than 2,500 of the most important decision-makers in the world’s heads of state and government as well as ministers and owners of companies.
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[Did they release the lower denoms?] No…But it’s getting pretty exciting waiting! …Iraq is moving into Article 8. Once in article 8…no turning back! With the IMF monitoring the reform, the contract Zebari, Alak and CL signed and the agreements between the UN, US and IMF…THEY HAVE TO MOVE FORWARD AND FAST!

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