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Saturday, February 20, 2016

WMAWHITE & RCOOKIE TIDBITS, 20 FEB

WMAWHITE :

The price of oil has very little to do with Iraq entering the economy market during the 1st half of 2016. 


[But it might effect the price of their currency.] 

No…it will not. The price of oil has dropped over 60% and the change in the value of the Kuwaiti Dinar changed $0.20…20 cents.  The KWD went from $3.55 to $3.35 per dinar. 


[Right but Iraq has no price at this point, Kwd is already established.]

Of course they know what the true value of the IQD is…how else could the IMF tell the world that Iraq is expected to enter the economy market in 2016. IMO…central banks do not go changing their values every time their GDPs change…their goal is to provide stability in their currency… IMO, they know where they want to be and IMO we will see it soon.

RCOOKIE


THIS IS GONNA BE A BUSY WEEKEND… ABADI WILL BE IN PARLIAMENT ON SATURDAY TO DISCUSS CABINET RESHUFFLE ISSUE.  SATURDAY VOTE ON AMNESTY. SUNDAY VOTE ON ACCOUNTABILITY & JUSTIC (DEBAATHIFICATION).

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