Wmawhite …the world has already been told numerous times by numerous entities that Iraq is in the process of entering the economy market…not by me but, instead by the CBI, GOI, Parliament, IMF, WB. etc. …
IMO we are at the point in this investment that we are trying to understand how this will manifest itself.
As one of your researchers has stated before, this is not an on/off switch investment.
**************
Wmawhite: nowhere is there a statement from the CBI concerning the international value/rate of the IQD being determined by the price of oil over the next to [two?] months… nowhere…
Whenever the CBI, GOI Parliament Finance speak about the price of the IQD…they are speaking about the street price.
The IQD, as of today, does not have an exchange rate, an international exchange rate. Instead, it has an artificially imposed buy/sell value. Here is why they speak about the price of oil affecting the price of the IQD.
The GOI sells the oil. They receive payment from around the world in USD. The GOI then takes the USD and sells it to the CBI for IQD. The CBI turns around and sells the USD to the banks for…guess what? IQD. This is what that statement is referring to.
What we are looking for…is different…and they will not be advertising the details in advance.
BGG Blog
