...it has been my view that Maliki was holding off on allowing the float for political reasons.
A weak dinar policy meant that his opponents would not reap the benefit of a rising dinar, assuming they were holders. My statement Maliki will allow the float is consistent with his own statements and those of Turki.
Turki said just a few days ago that the dinar would enter the world stage late this year or early next year.
He would not say that without Maliki's approval. Maliki also has stated that he wants the country to prosper and enter the world market.
The fact that he has not done much thus far to make that happen doesn't mean that it won't happen.
He actually has a great incentive to allow the float, once he is re-established with a third term.
He will become the ultimate hero.
It has always been my view that Maliki is shrewd, not dumb.
He does things because he himself benefits in some way...his placement of Turki in the CBI slot was for a reason that has benefited him.
We have never heard him say that the plan was not going to happen (raising the value of the dinar).
But we have heard Turki endorse the plan generally.
So, on god's green earth I see that Maliki will slowly evolve, to his own benefit, and allow Turki to move to Article VIII and the dinar to float.