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Sunday, February 19, 2017

LOOP TIDBIT, 19 FEB

Loop   Article:  "Iraq joined the Convention on the transparency between investors and states"  Quote:  "National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York." 

What is very encouraging about...this article, is that it indicates that some of these international and bilateral agreements have already been signed. Which is right in line with Article 22 of the Investment Law...this is a very big tell.

Why on earth would they even bother with these agreements unless they had every intention of needing them in the near future?

Investors will not come to Iraq in any meaningful way until they are sure that they can get their initial investments and profits out of Iraq whenever they choose to do so.

Investors coming into Iraq is a major part to ensuring that Iraq realizes it’s vision of being one of the riches countries in the world. 

Now for the million dollar question.  Is the investment law needed prior to an increase the purchasing power of the dinar?

IMO...NOT HAVING THE INVESTMENT LAW PASSED WILL NOT STOP THEM FROM AN RV...HOWEVER IT DOES HAVE TO HAPPEN SHORTLY THERE AFTER IF THEY WANT THE WALL OF INVESTMENT CAPITAL TO COME IN A SUPPORT THE MOVE OTHERWISE THEIR ECONOMY MOST LIKELY WOULD FALTER.

HUGE PIECE OF NEWS! 

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