There is clearly and quite palpably nothing formerly glorious about the UN sanctioned current programmed rate of the IQD. And the very notion that they are satisfied or could even continue indefinitely to function at this level is totally ridiculous.
The Arabic phrase "former glory" used by the Iraqi's here as مجـده السـابـق clearly indicates a return to its original high standing it had when it was one of the worlds leading currencies.
They have indicated in no uncertain terms that as soon as Mosul is sufficiently edited the Iraq currency will then and only then return to its aforementioned "former glory."
The UN meeting today showed they are well into finishing up this phase which is the liberation of the Western portion of Mosul.
The new U.S. administration appears to be taking a new and expanded role in accomplishing this poste haste with assistance from the air and ground as this is brought to a conclusion IMO in the next few days. We also see a new concerted effort by the Abadi regime to complete the GOI with the edition of the MOI and MOD with only one more major post to fill.
With several needed laws including the HCL now entering the voting stage, the new eDinar ready to be distributed for salaries to all oil pipeline companies as of last week, and still no visible CBI rate for 30 days, it is safe to say we are now right on the precipice of the final implementation of all the economic reforms up to and including the revaluation of the Iraqi dinar.
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