This is certainly not an a post that I want to write. But, someone has to do it.
I don't care who you are, or how many days in a row you want to say “it's done”. It isn't! And that is very unfortunate.
A new Parliament is to be seated on the 15th of the month. They have not passed a budget. They have no new Prime Minister. That gives us thru Friday if they are going to do this before Ramadan.
If not before the 15th, the new parliament takes over, and the business of seating a government will take precedence over the budget and any other business at hand.
The new parliament will have 13 days to seat a full government, decide on a PM, pass the budget, and revalue the currency, all before Ramadan.
Ramadan starts on the 28th of the month. I feel it is highly unlikely for the revaluation to occur during that time.
The country is flooded with visitors from other countries. It is going to be confusing enough for the Iraqi's, without adding a half dozen other foreign currencies brought in by the visitors to deal with.
Not to mention the cost of exchanging that currency at the new rates.
Today, we see that Al-qaeda has has taken over parts of Mosul, and they already control Fallujah. Do you think for one second that there will be a revaluation while this is going on? I seriously doubt it.
Al-qaeda would gain too much financially if the revaluation were to occur.
I have no idea where that leaves us as far as a time frame... and I seriously doubt anyone knows. Including Iraq.
Those continually saying that things are super-fantastic, or that the revaluation has occurred are doing no one any favors.
Wanting it doesn't make it so.
Saying it doesn't make it so.