[via PDK] “Iraq increased reserves at the IMF by 50%” This is huge. This is an increase to the IMF for their SDR’s (Special drawing rights). In other words when a country comes for a loan to the IMF – they are borrowing from Iraq. This will enhance Iraq’s voting power in the IMF as well. This makes Iraq one of the most influential Arab nations. We know we have World Trade Organization ascension coming…and they are now taking a lead role in loaning funds to other countries in need and writing policies for the region with the IMF…. They are close to restoring stability and faith to their country and their currency. I am excited on what we are seeing coming out of Iraq as of late.
