MY THOUGHTS BLUEDOG...........................When Maliki talked yesterday about freezing the Constitution he might as well started to dig his own grave IMO. This has angered the Political Blocs even more and he must be heading to self destruct mode.
As far as the article from the Central Bank to Implement the 3 zeros in January they may just mean the drawing of the Large Notes off the market.
Keep in mind they will co exsist for some time lower denoms and the large notes.There has been lots of Tarriff Articles also out if they Implement the Tarriffs they will have to move quick to raise the Value of their Currency.
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Inflation would consume them quickly and Shabibi has no intentions of letting it spiral out of control.With the Tarriff in place it would make the goods cost 5%to 30% more Inflation right now is actually over 10% but they will say its under 10%.
As you can see in todays news the European Union and Iraq Friday signed a Partnership and Cooperation Agreement.
Also do not forget the Kuwaiti investors that have started end of last month to have high level meetings on investment projects in Iraq.Today Australian Ambassador to Iraq Lindal Sax said her country has decided to begin investment in Iraq initially with $2.5b in agriculture sector.
Now some SECRETS coming to the surface with Kuwait today a deliberate intention to remain quiet on any formula out by the Joint Commission for the demarcation of the Kuwaiti-Iraqi border.
Iraq will lose according to the deal nearly 90 sq km within the border area between the two countries, as well as losing part of the waters. But bet on this Major Money has been done for this behind the scenes and a barganing chip for chpt7.