10-4-2012 Newshound Guru Doc We are seeing more and more articles talking about a "float" for the currency. We stated in the past we believe this to be a real scenario.
It would allow the CBI and Iraq the best economic position. The float would increase the value based on supply/demand and we speculate the CBI would make a ton of money on buy/sell transactions.
It would also allow the market to determine the value based on Iraq's fundamental economics and not politics like under Saddam. We would also speculate the CBI would support the dinar at some minimum levels. If the float is reality it pretty well discredits the rumors of a high ($3+) initial or RV rate. We report, you decide.
Read More Link On Right
Doc Continues: There was a great article that came out of London that was an interview with Allawi...Allawi was quoted as saying "Maliki was put into power to make reforms. He was supported by the US and Iran".
Allawi went on to say there were enough votes to have him removed but threats by Iran and pressure from the US changed enough votes for Talibini to stop the process. Allawi is quoted as "pressure from the US was due to the upcoming election".
Allawi continued by saying there is enough support to bring Maliki before Parliament for questioning. The jist here was if Maliki didn't play ball it would happen sooner than later.
Allawi even mentioned Maliki's attempt to take over the CBI. Allawi summed it up by saying there would not be a National Meeting and he and his bloc would not attend.
He said "Ebril was approved and simply needs to be implemented". It was quite clear from the interview that the major political stumbling block are the issues surrounding Ebril.
10-5-12 (10-4-12) Sam: Talabani calls on political parties to show some kind of flexibility to maintain national gains. "President Talabani called on political parties to show some kind of flexibility to maintain national gains and the development of state institutions, while Prime Minister Maliki's support for Talabani's efforts to resolve the problems facing the political process.
Talabani said the flexibility will support the development of state institutions and activate the path of emerging democracy. President Talabani seeks to collect Prime Minister Maliki and Kurdish regional President Barzani and the Iraqi leader Allawi to end the political crisis, describing it as "not easy.
" But the crisis began solution after the National Alliance announced the formation of the Reform Commission presented a paper containing 70 items notably resolving the mandate of the three presidencies and security ministries and the balance in the armed forces and independent bodies and state bodies different."