mike

Article: “Expectations of obtaining Iraq’s rating Advanced credit ”

Quote: “Specialists confirmed the possibility of economic affairs raise the rating to A or -A through the activation of the private sector and provide employment opportunities that will pay gross

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mike

Article: “Despite the crisis .. Kurdistan paid about $ 100 million for oil producers

The Kurd’s are on the ropes, Baghdad has stopped the dollar auctions and will freeze banking activity within the week, essentially cutting off Kurdish … Read More

mike

Article: “Baghdad clamping down on the banks of Iraqi Kurdistan

[What does it mean the the cbi has stopped the dollar sales to Kurdistan?]

It’s another … Read More

mike

Article: “Central Bank: currency outside banks amounted to more than 40 trillion dinars

Iraq has roughly 56 trillion in M0 money supply with 40 trillion outside the banks.

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mike

Article: “Iraq still under the category of bankrupt countries?”

Gee whiz, this guy sounds so negative:

He added that “the budget reveals beyond doubt the inability of any realistic treatments to find

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mike

Article: “Abadi defends role of Iranian-backed paramiltaries at meeting with Tillerson

Quote: “In his opening remarks at the meeting with Tillerson, Abadi said Popular Mobilisation “is part of the Iraqi institutions,” rejecting accusations that it is acting

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mike

Article: “Saudi newspaper: Washington threatens Iraqi forces to bomb if Baghdad resorted to the military option against Kurdistan

[Really, this is good news for us. The day the US abandons a united Iraq is the day our Read More

mike

Article: “Parliamentary Finance discussed with the Central Bank to suspend financial transactions with the decisions of Kurdistan

The CBI is between a rock and a hard place right now.

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mike

It’s pretty clear that Kuwait isn’t going to forgive the $4.5 billion Iraq owes them in lieu of investment opportunity.

If Baghdad continues to drag it’s heals, I’d re-implement Chapter 7; it’s not the “best” thing for us but it … Read More

mike

Article “Float the dinar .. or VAT Kodaf oaths

Quote: “Alternative or solution essential is to float the dinar without hesitation to get rid of the waste of millions of dollars a day, where the Central Bank

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