So, today’s news is all about the currency auctions and the finance ministry under the minister Ali Allawi wanting to implement a package of financial and banking reforms. Still Iraq has not secured the $5 billion needed to pay the June salaries. It does seem something BIG is being lined up for the end of June as many issues seem to merge towards that time period. This may just be a matter of when Iraq finally meets its demise. But still we have not yet heard OPENLY in the news from the CBI or the Finance ministry on the “project to delete the zeros”…I do know for a FACT that Iraq is looking seriously for a new [CBI] governor that al-Kazemi will appoint…So we wait to see who he selects. Meantime the auctions have been taken out of the direct supervision of the CBI and are now supervised by the Finance Ministry. This is…FACT!