Iraqi Dinar Revaluation News
~ Dinar Chronicles
...THERE WHERE MEETINGS TODAY IN SPITE OF ALL THE NEWS THAT THERE WOULD NOT BE A FULL PARLIAMENT MEETING.
MEETINGS WHERE HELD BY DIFFERENT TRIBAL GROUPS DISCUSSING ALL THE POSSIBILITIES OF NOMINATED PERSONS FOR ALL DIFFERENT POSITIONS INCLUDING THE PM POSITION. CONSENSUS SAID TO BE TOWARD A PM THAT WILL FUNCTION WITHIN A DEMOCRATIC PLATFORM AND WILL SUPPORT ALL PEOPLE FROM ALL BACKGROUND.
ALSO CBI HELD MEETING FOR THE PURPOSE OF DISCUSSION OF STEP BY STEP PROCEDURE FOR DIFFERENT AGENCIES AND OFFICES ON ARRANGEMENT AND LAWS GOVERNING THE FULL BANKING INDUSTRY AND THE FINANCIAL REFORM PROCEDURE THAT MUST BE PUT INTO PROCESS FOR ALL BANKS EQUALLY BOTH PRIVATE AND GOVERNMENT SUPPORTED BANKS. TO ME ALL SEEM VERY WELL IN IRAQ. THERE IS LITTLE TO ZERO ATTACKS AND NEVER HAS BEEN BY THIS ISIS GROUP THIS HAS ALL BEEN A CHARADE AND THE MEDIA HAS BLOWN IT WAY OUT OF PROPORTION. LIKE OLD POPPY3 HAS ALWAYS TAUGHT YOU ABOUT IRAQ WATCH THEIR ACTIONS AND FORGET WHAT THEY SAY OR THEIR MEDIA SAYS.
"The Governor of Central Bank of Iraq, Abdul-Basit Turki, that Iraq is able to get out of its current crisis, "noting that the Iraqi dinar and supported by a strong cash reserve of 70 billion dollars and is not linked to any other currency. And pointed out that the Turkish central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate."
I have consistently held the view that the security situation, the political situation, and the CBI situation are not intrinsically linked together, as some...believe.
That is why I remain positive on our investment.
Turki is confirming my position on this with this statement.
"banks start to pull out of Iraq"
The reality is, these banks came in 6-10 months ago with the plan to start investment rebuilding and participating in Iraq's market economy.
The monetary policy did not comply, they did not move to Article VIII, they did not open the capital account nor did parliament pass any laws to support that stage.
So how long do you expect these banks to sit and do nothing?
Well, it appears 6 months to a year is about all they are willing to give Iraq.