wmawhite: …the CBI indicated that the auctions were going to be restricted to once a week…we are looking for that to change.
The auctions are similar to an IV that the Iraqi economy has needed to sustain life because they were unable to function with just the IQD. But now, that is changing. How do we know this?
By just looking at what they are doing and by what the IMF, the World bank and the CBI has told us. Remember, all of these efforts to bring their financial system into the 21 century, the constant training of the employees about international commerce not unnecessary if Iraq was going to keep using the USD “IV”.
Also, if Iraq could have enter the economy market while on the USD “IV” why haven’t they already done so? The entire world accepts the USD.
The answer is in the statement from June 27, 2013 the day when the UN Security Council lifted the sanctions against Iraq. The Iraqi foreign Minister stated then that the Iraqi dinar would again be great and powerful.
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wmawhite: The ISX spent huge $$$$ for the new trading platform that will enable it to trade with 23 other international trading platform from around the globe…they are waiting to activate it.
The ISX, IMO, is the one unspoken indicator that truly shows us that Iraq intends to change the status of the IQD, as well as its value.
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