7-13-2015 Arthur: Liquidity could be created overnight by the IMF and WB (PTB) in a heartbeat, but nobody is willing to do that to a country in political turmoil with no law governing how that money will be fairly distributed as to maintain a strong dinar for years to come.
If you had 18 kids (provinces) that didn't get along, would you just give the oldest one (Baghdad) all the money and trust that the money would be evenly distributed to the others and his creditors?
And not to mention this kid you are throwing all this money at has just recently been let off of a decade long punishment for attacking his neighbors and attempting genocide on his own brothers.
Thankfully all those people mentioned that have supposedly understood everything while the country has been going to hell in a hand basket are the very ones in serious negotiations right now to finally get a vitally needed and long awaited Hydrocarbon Law in Iraq. ...
the HCL is part and parcel of the budget itself and is connected at the hip with a simultaneous or shortly thereafter IQD reality rate at which time the "liquidity" problem will suddenly and inexplicably disappear...
and the good news is the timing for this as of now appears to be sooner rather than later given the latest and soon to be public progress made in both public and secret negotiations going on right now.
The proof will be in how fast everything is about to start falling in place as they get closer and closer to and HCL agreement leading up to and culminating in the revaluation of the Iraqi dinar.