We’re in a bit of limbo right now while waiting for Iraq to complete their election recount (reports are they are getting close), their federal court to certify those results (which should happen in fairly short order after the recounts), and the new government to be seated (which should theoretically happen almost instantly once the court certification is released). Some say that seating the new government is not necessary for a currency revaluation, but the CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project.
Stability, some claim, is intrinsically connected to removing the corruption associated with the currency auctions, and so that brings us back around again to the need to seat the new government and remove a large portion of corrupt politicians who, in losing their re-election, will lose their immunity from prosecution the moment they are declared no longer a part of the government. Unsubstantiated reports are that some of those “losing” politicians have already started fleeing the country. I remain cautiously skeptical, but we shall see. All we can do for now is to wait.