mike

From CBI – “(Depositing RTGS) Given the performance of Imam Moussa Kazem visit decrees (p). Your deposits will be window sale of foreign currency for the days 11,10,9,8 may/2016 Wednesday […]

Once they move to Article VIII they can get off the roller coaster and move the country forward. Iraq has already submitted a memo to the IMF stating they expect […]

Article: “Parliament succeeded to exceed its divisions and vote on the five ministers technocrats” What a day, good stuff. I never thought they’d get rid of Shahristani but he’s out. […]

Article quote: “between these two teams appear unstructured conflict and Hovey truth expresses two choices contradictory question, whichever is closer to the ideal solution to overcome the financial crisis the […]

Article: “The World Bank suspended aid to Iraq due to the political crisis” Best article for the day. I hope it’s enough to force them to move towards reform.

It’s just an opinion, but in its current status, the dinars worth 1275-$1. However, if they move to Article VIII and move to an open market economy, the dinars value should be significantly […]

[Realizing that oil prices have dropped and that is hurting the oil-producers economies, does anyone want to take a stab at what the dinar should be worth today versus the […]

Article: “Electronic payment reduces the risk of hoarding money” I think this is a good idea, it would be a great idea if Iraq had the infrastructure to support an […]

Article: “Abadi adviser waving to lift subsidies on gasoline ration card and to ensure the IMF loans” This will be a very unpopular move for Abadi to make right now, […]

Here’s the thing, a 1500 – $1 rate will help the GOI, it would reduce internal expenses like payroll etc as much as 30%. Conversely, this will create inflation and lower […]

Article:  “Zebari: a plan to freeze oil production is acceptable for Iraq” For me, it’s just politics: “The idea of a freeze” doesn’t sound like an action plan. Kap’s right, oil […]

It’s tough to say when Iraq will add value to the dinar. They’ve got some hurdles to get over before we can even think about when they add value, stuff […]

Article quote: “…January 30: Under the slogan of “decentralized service…stability…development toward a united Iraq,” was launched on Saturday” This is a great article, it’s one of the things I’ve been […]

I would have bailed from any other “investment” long ago if the leaders were half as inept as Iraq’s leadership. Kap’s right though, they’ll either squander all their reserves and become […]

The topic of lowering the value of the dinar has been bouncing around for months now. It’s not new. I know we have “assurances” from the CBI, but this move […]

Press release quote:  “That Iraq has revived a plan to sell bonds in the budget of two billion dollars in 2016” These guys are going to be short $40 or […]