I can hardly believe all the things Iraq is doing simultaneously. It boggles the mind. Iraq has launched a 15,000 acre housing project – They approved Phosphate and Sponge Iron projects – Standard Chartered is putting $95m up for Iraq Power Plant Financing – Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility – Iraq launched its third phase of “Baghdad Pulse” initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble – BP is putting 25B on the table and betting big on Iraq again – It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects. This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.
