Iraq’s current phase mirrors the Turkmenistan transition in 2009…I studied it very thoroughly, paid attention to it and I knew Iraq’s model was mirroring it. It’s not exact because we have new technologies…but the psychological aspect of it is for the people. They need to have the people on board to do reforms and they do…Al-Sudani has trust… Turkmenistan first reduced cash circulation, enforced official rates and built reserves. It then removed 3 zeros from its currency…followed by a managed float…Iraq has followed a similar sequence. 3 years of stacking reserves…non-oil revenues increased, inflation significantly low and note reduction through electronic payments… Militia Man [Post 1 of 2….stay tuned]
