Part 1 [via PDK] Article: “Iraq Now Moving Backwards in Battle to Strengthen the IQD” Iraq is having problems with the US dollar. Too many people still want to use the US dollar instead of the Iraqi dinar…This problem will not go away…it will not disappear until the value of the dinar is closer to the dollar or more than the dollar. It will completely go away the moment the dinar is worth more than the US dollar.
Part 2 [via PDK] I am told this is part of the push coming out of the CBI right now because they know its causing issues for them if they do not go ahead and increase that value. I am told this is part of why in Iraq this weekend is in the crosshairs. Will they do it? Will they raise the value? I don’t know but that is certainly the chatter right now. This is from my finance ministry connection and a couple contractors over there…Let’s hope the rumors for this weekend coming out of Iraq are correct.
