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Sunday, June 24, 2012

DOC POST, 24 JUNE

6-23-2012 Doc: Several have rightly pointed out that the CBI had indicated

« on: Today at 09:52:36 AM »Quote6-23-2012 Doc: Several have rightly pointed out that the CBI had indicated earlier dates for issuance of the new currency but those dates have come and gone. 

We must remember too Shabibi has stated numerous times he needs to see certain actions by the GOI before he will pull the trigger. These actions revolve around a stable political climate and include a fully seated GOI, power sharing, Ebril, etc. Every one of us knows that Iraq isn't there yet.

Our opinion is Maliki is the main issue with this in that his lack of follow through to his commitments were highlighted in the recent report to the UNSC. Remember too Shabibi knows that a major driver of currency stability on the world markets is political stability.

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