Iraqi Dinar Revaluation News
~ Dinar Chronicles
Nothing is going to happen until an official Prime Minister is in place. Period.
At this time, there still is nobody that has strong enough support to replace Maliki. Although Maliki "won" the election, he doesn't have enough Parliamentary support to move forward. This means that he's going to have to reach across the aisle and make some friends in the Sunni camps, which will make a lot of Kurds happy and will assist in moving EVERYTHING forward.
Of lesser importance is the ISIS invasion...they are still fighting and the situation is not pretty, but they aren't going to take Baghdad and this can't go on forever. There will be a resolution in the near future. Parliament is making no progress at this time, but that will be changing soon as well. If Maliki wants to hold onto the power that he currently has, he must give in to some of the Kurds demands, and again... that's what will make things start moving in the right direction again.
It's not time to give up, but don't expect anything major for a couple weeks.
Much of the information the last month on the political situation coming from Iraq has been very accurate.
I have talked to businessmen in Iraq. They say it is a mess and getting really bad. We know the political situation is real because not only the articles but middle east experts are discussing and talking about the situation... It is real and not made up or some cover for a secret RV coming. Heck the Kurds announced today they will have the referendum for succession before the end of the year.
...the problems in Iraq are real and there is no change in value of the dinar coming for while. To much needs to be "fixed" ...political stability, a parliament that passes laws (and they have to start over an all laws that have been previously read), and the CBI needs to be in compliance with the IMF. Not to mention fix or repair damaged infrastructure that these terrorists are doing throughout the areas they are in. IMO, I cannot see how the CBI could do anything with the currency during the remainder of this year.